The importance of understanding time values of money.

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Understanding the time value of money is a pretty big topic, which is good because it will be easy to write 200 words on it. Let me help you with where you'd want to go with this topic.

When we understand the time value of money, we are able to understand financial management because the time value of money deals with what today's dollar is worth tomorrow. Here is a good site to get you started. Although it includes several calculations, it's worth it to read through to gain a good understanding of what the time ...