Time Value of Money

Which would you prefer --- $10,000 today or $10,000 in 5 years?
Obviously $10,000 today.....
You already recognize there is

" TIME VALUE OF MONEY!! "

The Time Value of money is the value of money figuring in a given amount of interest for a given amount of time. For example 100 dollar for todays money held for a 5 year at 5 percent interest is worth 105 dollars, therefore 100 dollar paid now or 105 dollar paid exactly one year from now is same amount of payment of money with that given interest at given amount of time.
Time is important factors because time allows you opportunity to postpone consumption and earn interest.