Review the concept of time value money in ordinary business

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Question: The concept of time value of money has several "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 assignment, answer the following TWO questions:

1) Do you believe the concept of time value money is important in ordinary business relationships? Explain.

2) How would you use a concept of time value to determine the value of the business?

Reference no: EM131865868

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