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1. Explain what the time value of money means and why it would be important to a business owner. 2. What are the three elements

1.Explain what the time value of money means and why it would be important to a business owner.

2.What are the three elements of time value of money and why are each of them important?

3.How is risk involved in time value of money?

4.What are the pros and cons of NPV?

5.What are the pros and cons of IRR?

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