Question: 1.Why does money have a time value? Can you provide at least one real-life scenario in which you can apply the concept of time value

1.Why does money have a time value? Can you provide at least one real-life scenario in which you can apply the concept of time value of money?

2.What is the difference between the annual percentage rate (APR) and the effective annual rate (EAR)? Which rate do you believe is more relevant for financial decisions and why?

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