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24-01-2019
Mathematics

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Description of the concept of the time value of money

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etxchrissy etxchrissy

24-01-2019

Answer:

Step-by-step explanation:

Time value of money is the idea that money that is available at the present time is worth more than the same amount in the future, due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received.

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