Time Value of Money
The understanding that the money available in the present is worth more than the same amount of money available in the future. This defines the relationship between time, money, rate of return, and earnings growth. The time value of money is also a measure of the opportunity cost in undertaking an investment today as opposed as holding the money off for the future. The time value of money is also known as the present discounted value.
MortgageLenders :: Jan.26.2008 :: Lenders ::
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