Determining the concept of time value of money
Please respond to the following:
· Explain the concept of time value of money and how this can be applied in your life.
· Explain capital budgeting and why the internal rate of return is important to an organization.
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On June 5, Belen Corporation reacquired 3,300 shares of its common stock at $45 per share. On July 15, Belen sold 2,000 of the reacquired shares at $48 per share. On August 30, Belen sold the remaining shares at $42 per share.
Explain the concept of time value of money and how this can be applied in your life. Explain capital budgeting and why the internal rate of return is important to an organization.
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