The time value of money concept states a dollar is worth more today than tomorrow. Do you agree with this concept? To what extent? Are there any conditions when the time value of money would not be viable? Substantiate your discussion response.
I do agree with this concept to a certain extent. Basically, a dollar is worth more today under the conditions that we know because we can measure the value of a dollar. We can measure it against the foreign exchange rates and we can measure it against the current interest rates that are in effect now as opposed to yesterday. Because the dollar is worth more today, we know that we can ...
This solution explains if there are situations where the time value of money analysis would not apply. I also discuss if it is true that a dollar today is worth more tomorrow and to what extent this concept holds true.