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Systems Analysis and Design (Shell...

11th Edition
Scott Tilley + 1 other
ISBN: 9781305494602

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BuyFindarrow_forward

Systems Analysis and Design (Shell...

11th Edition
Scott Tilley + 1 other
ISBN: 9781305494602
Textbook Problem

What is the meaning of the phrase, time value of money?

Program Plan Intro

The meaning of the phrase “time value of money”

Program Explanation

The phrase “time value of money” means that the amount of money available today hold more value than same amount of money available later in future. To keep it simple one can put it in this way, it is more beneficial or helpful to you to receive the same amount of money today then tomorrow or later. It is beneficial in the process that money possessed today would earn higher returns or interest on investments then, receiving the same amount of money later...

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