The time value of money is defined as the math of finance for which interest is earned over time by saving or investing money. With this definition in mind and considering your readings for this unit, discuss why time value affects almost any financial decision. Under what situations might time value matter less?

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The time value of money TVM is a fundamental concept in finance that recognizes the principle that a dollar today is worth more than a dollar in the future due to its potential earning capacity throug... View the full answer