Discussion:
The concept of time value of money has numerous "real-world" applications. Some of the applications range from calculating the payment for a car or mortgage to estimating what interest rate is needed on an investment to send your child to college in 20 years.
Respond to the below 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 ascertain whether you completely understand the concepts covered.