Question

Time value of Money Explain the Concepts You have to explain to your nephew that the value of 1000 will change with time since you will be able to buy less number of items with the same 1000 after another five years. Make sure to cover the following points when explaining the concept to him •Explain the basics of present value and future value of money, since he won't have any idea about the time value of money •Use relatable and simple examples to make sure he understands this difference​

Answer 1

Answer:

i am first time writing the answer hope u understand