Why is ​$200 you will receive in one year worth more to you than ​$200 you will receive in five ​years?
a. The likelihood that a payment is not received increases the farther into the future the payment date lies.
b. The opportunity cost in waiting to receive a payment is greater the farther into the future the payment date lies.
c. The purchasing power of money usually erodes with the passage of time.
d. A and B only.
e. All of the above.