1. The time value of money means that a dollar today is worth less than a dollar at any time in the future.
True
False
2. The time value of money means that a dollar today is worth more than a dollar at any time in the future.
True
False
3. Present value factors for amounts are reciprocals of future value factors for amounts.
True
False
4. The present value factor is also known as the discount factor.
True
False