In Chapter 1, Principle 3 espouses the time value of money. Why is this principle so important to financial planning?
A) The principle allows us to determine how much money we will need to achieve our future goals.
B) The principle shows us how inflation impacts our money over time.
C) The principle helps us determine our savings needs today, in order to meet our future retirement goals.
D) The principle shows us how important time and interest rates are to the accumulation of wealth.
E) All of the above.
Answer: E
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