The Money Value of Time

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Even if you’re not particularly familiar with the wide world of finance, you’ve probably heard mention of the “time value of money”. This is the foundational idea that a dollar received today is not the same as a dollar received a year/decade/century from now. You may relate to that concept in any number of ways (say, in terms of the familiar notions of inflation or interest or opportunity cost), but I’m guessing you don’t dispute the idea itself: that the constructs of money and time are inextricably linked.

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