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We have likely all heard the phrase that time is money, or money is time. While that is very true, time value of money has

We have likely all heard the phrase that time is money, or money is time. While that is very true, time value of money has a different meaning from a financial perspective. In fact, time value of money has a number of components associated with it's meaning. 



For now, who can define this topic in broad terms? Specifically, what is the meaning of time value of money?

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