Why is the time value of money concept so important to the measurement of financial value? Specifically
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Why is the time value of money concept so important to the measurement of financial value? Specifically explain or illustrate how this critical concept is used to aid in measuring financial value.
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a The time value of money TVM is the idea that money available at the present time is worth more tha...View the full answer
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Related Book For
Personal Finance
ISBN: 978-1259453144
6th Canadian edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
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The time value of money (TVM) is the concept that the money you have in your pocket today is worth more than the same amount would be if you received it in the future because of the profit it can earn during the interim.
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