What is the time value of money?
The time value of money is a concept in finance that reflects that money in the future is usually worth a smaller amount than the same amount of money today.  The reason for this is that money today could be invested and earn a return that would make it worth a larger amount in the future.
Instruction: What is the time value of money?
Context: 
Response: The time value of money is a concept in finance that reflects that money in the future is usually worth a smaller amount than the same amount of money today.  The reason for this is that money today could be invested and earn a return that would make it worth a larger amount in the future.