Hi
One of the most fundamental concepts in investment is that money has a
“time value.” That is to say money in hand today is worth more than
money that is expected to be received in the future. The reason is
straightforward: A single shilling that you receive today can be invested such that you will have more than shillings at some future time. This leads to the saying that we often use to summarize the concept of time value: “A shilling today is worth more than a shilling tomorrow."
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