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1. What does time value of money mean? 2. What does discount rate mean? How do we use a discount rate? 3. What does the

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1. What does "time value of money" mean? 2. What does "discount rate" mean? How do we use a discount rate? 3. What does the "net present value of a project mean? Can it be negative? Why don't we usually use the payback method in our capital budgeting decisions

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