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  • 29-01-2020
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The basic idea of the time value of money is that $1 to be received in the future is worth ______ $1 received today because of the value of the compound interest.

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osondumartins
osondumartins osondumartins
  • 29-01-2020

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Explanation: The time value of money is the impact of time to money, it tries to show the relationship between the value of a given sum of money as time elapse. Generally, as time elapse the value of money continue to rise as in most cases the money is put to use in various investments which will yield profit,as the profit rises the value attached to that sum of money will be higher than what was initially invested.

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