Question: Explain why $100 received today is not the same as $100 received next year. What is the meaning of the time value of money. What

  • Explain why $100 received today is not the same as $100 received next year. What is the meaning of the time value of money.
  • What is the purpose of learning the mathematics behind the time value of money?
  • What are the factors that affect the overall level of interest rates?

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