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Explain the concept of time value of money. How would you use this in personal financial planning such as borrowing or saving for the future?

Explain the concept of time value of money. How would you use this in personal financial planning such as borrowing or saving for the future?

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The Time Value of Money TVM is a financial concept that acknowledges the idea that a sum of money has a different value today compared to its value in ... blur-text-image

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