Question Description
I’m studying for my Business class and need an explanation.
The concept of time value of money has numerous "real-world" applications. Some of the applications range from calculating the payment for a car or mortgage to estimating what interest rate is needed on an investment to send your child to college in 20 years.
In your discussion, respond to the following two questions:
- Do you believe the concept of time value money is important in ordinary business relationships? Explain.
- How would you use a concept of time value to determine the value of the business?
Explanation & Answer
Attached.
Running head: TIME VALUE OF MONEY CONCEPT
Time Value of Money Concept
Student’s Name
Institutional Affiliation
1
TIME VALUE OF MONEY CONCEPT
2
Time Value of Money Concept
My Belief in the Concept of Time Value of Money in Business
The time value concept matters to all types of investors' decisions. The justificati...
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