Before one goes deeper into the analysis of economic equivalence or decision-making on cost estimations, it is very important to understand the time value of money. Please answer the following questions briefly, discuss them with your peers (classmates), and support your discussion based on reliable sources: 1. What are the assumptions for ignoring the time value of money (TVM), and when do these assumptions apply? 2. Explain the importance of considering TVM using an example. What is the time value of money and how would you explain it to someone who has never enrolled in Cost Estimation and Analysis for Engincering Management? Before one goes deeper into the analysis of economic equivalence or decision-making on cost estimations, it is very important to understand the time value of money. Please answer the following questions briefly, discuss them with your peers (classmates), and support your discussion based on reliable sources: 1. What are the assumptions for ignoring the time value of money (TVM), and when do these assumptions apply? 2. Explain the importance of considering TVM using an example. What is the time value of money and how would you explain it to someone who has never enrolled in Cost Estimation and Analysis for Engincering Management