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Describe the term time value of money

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Q1. Why does a company evaluate both the money allocated to a project and the time allocated to the project? How do these evaluations help with planning and business decisions? Give some examples.

Q2. Describe the term, 'time value of money'? Provide at least three (3) reasons as to why the time value of money is an important concept and how it helps businesses.

Reference no: EM132775323

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