Business In Action
Business In Action
9th Edition
ISBN: 9780135175477
Author: Courtland L. Bovee, John V. Thill
Publisher: PEARSON
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Chapter D, Problem 1QR
Summary Introduction

To discuss: The meaning for time value of money.

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Explanation of Solution

An idea that states the amount available at the present time is very valuable than the same amount in the future because of its potential earnings capacity is the time value of money. The time value of money is a significant concept to the investors as a dollar on hand at present is very valuable than the dollar to be obtained in future.

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