The $100 does become a liability on your balance sheet. You’re right that interest doesnt and is an expense.
In the context of this post, does it matter? He’s not teaching bookkeeping here. He’s explaining the time value of money.
In the context of this post, does it matter? He’s not teaching bookkeeping here. He’s explaining the time value of money.
As such, it's a self indulgent piece of writing, not a helpful one.