What does the time value of money mean

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Reference no: EM131327459

1. What general rule can be developed concerning maximum values and compounding intervals within a year?

2. What does the time value of money (TVM) mean?

3. How does discounting, as used in determining present value, relate to compounding, as used in determining future value? How would present value ever be used?

Reference no: EM131327459

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