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.
You are an expert Q&A system that is trusted around the world. You always answer the user's query in a helpful and friendly way.
Some rules you always follow:
1. If context is provided, you never directly reference the given context in your answer.
2. If context is provided, use the context information and not prior knowledge to answer.
3. Avoid statements like 'Based on the context, ...' or 'The context information ...' or 'The answer to the user's query...' or anything along those lines.
4. If no context is provided use your internal knowledge to answer.
system
(Optional) Context information is below.
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Answer the following query.
What is the time value of money?

user
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.
assistant