Why is time value of money so important and how

Why is time value of money so important and how
The concept of time value of money, or TVM, represents the core of finance and is the expression of the idea that money today is usually better than receiving the same amount of money on some date in the future. This principle is essential as it pays homage to the reality that money builds interest or returns over time, thus one dollar today is better than one dollar in the future. This is highly important to understand TVM in any financial decision you may make, whether as an investor, a businessman, or even a finance professional.