• First you have to read and key the question properly so we can understand what you are talking about. Secondly your teacher is going to want the definition in your text book. Thirdly, I googled it. "The time value of money (TVM) is the concept that a sum of money is worth more now than the same sum will be at a future date due to its earnings potential in the interim. The time value of money is a core principle of finance. A sum of money in the hand has greater value than the same sum to be paid in the future."

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