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1. What is the time value of money? 2. Why should accountants have an understanding of present and future

value concepts? 3. How can these concepts be applied to business decisions? 4. Provide examples of how these concepts can be used in business and personal finances.

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a) Time value of money concept tells us about the diminishing value of money which is caused due to many factors such as inflation, rising interest rates etc. Time value of
money concept is very...

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