Question: Please help!!!! Why is it important for business managers to be familiar with the time value of money concepts? It is important for business manages

Please help!!!!

Why is it important for business managers to be familiar with the time value of money concepts?

It is important for business manages to be familiar with the value of money concepts because the s

Why do we say money has time value?

Calculations

What is the present value of $10,000 to be received in 6 years? Your required rate of return is 8% per year.

If you invest $1,000 a year for 20 years at 7% annual interest, how much will you have at the end

of the 20th year?

If you buy a 5 year, 3% CD for $2,000. How much is it worth at maturity?

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