Sir, for a period of less then 100 years, then TVM is reasonable, but for a longer period , say 4-5 centuries, then does the TVM concept hold true? Could you please explain?



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TVM as a concept applies no matter how ling the duration is.

But once you cross 10 years it becomes almost impossible to estimate the TVM with complete accuracy. So the longer the estimation the lesse accurate your TVM is.

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