In your own words explain the time value of money. From your own life (either now or
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In your own words explain the time value of money. From your own life (either now or in a situation -that might occur in your future), provide an example in which the time value of money would be important.
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Time value of money means money has value over time Money has value o...View the full answer
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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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