Time value of money can help an individual in the future because it allows individuals to save for a future goal, such as a down payment on a house. It is important to understand that saving for a future goal requires diligent saving, which means individuals must save more money than the amount of money they need to reach their goal.
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Time value of money can help an individual in the future because it allows individuals to save for a future goal, such as a down payment on a house. It is important to understand that saving for a future goal requires diligent saving, which means individuals must save more money than the amount of money they need to reach their goal.