ACC 421 WK 5 The “Streets” Definition of Time Value of Money

All,

Time value of money is probably one of the easiest concepts to grasp. I lend you money, you pay me back more. Easy.

Time is the issue though. Time is such an important commodity. In fact, I would argue that it is the MOST IMPORTANT.

See below. Simple explanation.

https://www.thestreet.com/personal-finance/education/time-value-of-money-14796679