Question

Explain why it is necessary to understand the time value of money. give some examples of how you would use the concept in your business or personal life

Answer 1

if we didnt know the value of money, then youll never truly know how much you have, you could see that lettuce is "1.00" and all you have are pennies, but to you, its one peny which you would be disappionted to find out that you dont have enough at all. knowing the value of money is extremely important