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Aimee Powers Ch 6 DB 11/4/16 Discuss the usefulness of understanding time value of money concepts in: Business: The time value of money is an important concept to businesses because a dollar today is worth more than a dollar in the future. The dollar today can be used to invest and earn interest or capital gains. A dollar in the future is actually worth less than a dollar today because of inflation. When a business chooses to invest money in a project such as an expansion, a strategic acquisition or just the purchase of
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