Time value of money concept

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Discuss three examples of how the Time Value of Money (TVM) concept impacts your daily life. Why is it important for managers to understand the TVM concept in making daily decisions in today's global economic environment? Fully explain with examples.

Reference no: EM131064352

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Time value of money concept : Discuss three examples of how the Time Value of Money (TVM) concept impacts your daily life. Why is it important for managers to understand the TVM concept in making daily decisions in today's global economic environment?
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