explain the concept of time value of money
Answers
Answered by
12
Hey mate!!!!! Here is your answer =>
The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum 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. TVM is also sometimes referred to as present discounted value.
Hope this helps you 99%
Please mark as brainlist ^_^
The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum 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. TVM is also sometimes referred to as present discounted value.
Hope this helps you 99%
Please mark as brainlist ^_^
Similar questions
Math,
7 months ago
World Languages,
7 months ago
Computer Science,
1 year ago
English,
1 year ago
Math,
1 year ago
Math,
1 year ago
English,
1 year ago