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Why does money have a time value? Can you provide at least one real-life scenario in which you can apply the concept of time value

Why does money have a time value? Can you provide at least one real-life scenario in which you can apply the concept of time value of money? Understanding the TVM concept and applications is a major part of grasping and completing this course. Why is it important to know that most people would rather have $90 today than $100 next year. Why

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