Question Description
The concept of time value of money has numerous “real-world”applications. Some of the applications range from calculating thepayment for a car or mortgage to estimating what interest rate is neededon an investment to send your child to college in 20 years.
In your discussion, respond to the following two questions:
- 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?
For your initial post, please respond with a minimum of 150 words.
This will allow your instructor to
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