How would you explain the concept of time value of money to someone hearing about it for the first time? Provide example/s.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter1: Introduction To Finance For Entrepreneurs
Section: Chapter Questions
Problem 9DQ
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How would you explain the concept of time value of money to someone hearing about it for the first time? Provide example/s.

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