Topic: What did you learn from the chapter 5 about the time value of money (TVM)? Why is it a foundational concept in finance? What would the world look like if we did not know about the concept of TVM? Use the terms and examples from the textbook to develop your argument.

Directions: Please write a brief (50-125 words; no more, no less) response to the above questions. Your total submission for all questions should be no more than 125 words.