Time value of money is not comparable to a dollar paid (or received) today is a dollar paid (or received) in the future.
As "the value derived from the use of money over time as a result of investment and reinvestment," time value of money is defined. The phrase "worth of a rupee obtained today is different from the worth of rupee to be received in future" refers to the time value of money.
According to the time value of money (TVM) theory, money that is available now is worth more than the same amount in the future because of its potential for growth. This fundamental tenet of finance states that, as long as money can accrue interest, it is always more valuable to obtain money as quickly as possible.
Learn more about time value of money (TVM) here
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