1. A rupee earned 10 years ago can be compared with a rupee earned today by
2. The value of money has reduced between 50 years ago and now because
3. Mr.A has Rs. 1 lakh of savings just kept in cash in a safe. After 5 years of high inflation, the value of that sum will be
watch this video to understand why grandpa's breakfast costed less than yours.
Time value of money is a useful concept with several applications. Learn how to look at yesterday's money for its value today.
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