MANAGERIAL ACCOUNTING FOR MANAGERS
MANAGERIAL ACCOUNTING FOR MANAGERS
6th Edition
ISBN: 9781265365615
Author: Noreen
Publisher: MCG
Question
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Chapter 7, Problem 7.2Q
To determine

Concept introduction:

The time value of money is a concept that is applied to evaluate the projects having future cash flows. This concept is mostly used in the capital budgeting analysis to evaluate the worth of the projects or investment opportunities. 

To indicate: the meaning of time value of money.

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