Lesson 4-1: Introduction to Time Value of Money Concepts

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Time Value of Money Concept

 

“If you would know the value of money, go and try to borrow some.”

–Benjamin Franklin

 

 

I think most of us have heard “a dollar today is worth more than a dollar tomorrow”, but how many of us understand why that is (or really even believe it)?  This chapter will explore how a dollar today is worth more than a dollar tomorrow and what conditions could possibly change that statement.

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