Which of the following will NOT affect the time value of money?

The time value of money is a fundamental concept in finance that posits that a dollar today is worth more than a dollar in the future due to its potential earning capacity. This principle is influenced by various factors, including the principal amount, the interest rate, and the length of the investment.

Government regulations, however, do not directly impact the time value of money. Regulations may affect how investments are structured or the returns on certain financial products, but they do not change the intrinsic relationship between money and time, which is determined by the factors mentioned earlier. In essence, while regulations may dictate the framework within which investments operate, they do not alter the core principle that money's value changes over time based on its earning potential, interest rates applied, or the duration of investment.

Thus, the correct choice highlights that government regulations are external factors that do not influence the basic mechanics of how the time value of money operates.