Here, 'worth more' means that its value is greater than tomorrow. Time value can be described with the simplified phrase, 'A dollar today is worth more than a dollar tomorrow'. The present value is usually less than the future value because money has interest-earning potential, a characteristic referred to as the time value of money, except during times of negative interest rates, when the present value will be equal or more than the future value.
In economics and finance, present value ( PV), also known as present discounted value, is the value of an expected income stream determined as of the date of valuation.
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