The time value of money reflects the fact that: a. a covenant requires the borrower to agree not to borrow any additional funds until the specified length of the current loan..b. spontaneous financing is a particularly important source of financing for small businesses. c.it is best to have money today, so it can be put to work sooner to make even more money. d.long-term investments are more profitable than short-term investments

The answer to this question is c.it is best to have money today, so it can be put to work sooner to make even more money.

Explanation:

The time value for money is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received.

It emphasis on the fact that  a dollar received today is worth more than a dollar received in the future because of some changes that may have occurred.

From the above explanation we can conclude that the answer is c.it is best to have money today, so it can be put to work sooner to make even more money.