1. The time value of money is the economic principle that a dollar received today has a greater value than a dollar received in the future. In a professional setting, understanding the time value of money is necessary for financial decisions such as business loans, investment analysis, capital budgeting, and many more crucial decisions needed to run a successful company. All students studying finance should understand the importance of different concepts of the time value of money and apply them to a real situation. Describe and explain different concepts of the time value of money. This discussion will answer the following:
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3. Why does money have time value?
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Answer rating: 100% (QA)

Money has time value due to several factors including the potential to earn a return on investment i... View the full answer