(Answered) The concept of time value of money has numerous real-world

Engineering

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.

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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?

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