(Consider This) The story about economist Irving Fisher's conversation with his masseuse illustrates that interest payments arise because of

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The conversation between Irving Fisher and his masseuse shows that interest payments arise because of the time-value of money. The masseuse wanted to borrow money from Fisher, but Fisher insisted on being compensated for the time during which he could not use the money. This compensation is known as interest and arises because money available now is worth more than the same amount of money available in the future. This concept is known as the time-value of money.

(Consider This) the Story About Economist Irving Fisher's Conversation with His