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Closely - intertwined with the topic of Capital Budgeting is the Time Value of Money principle. This principle states a dollar today is worth more

Closely

-

intertwined with the topic of Capital Budgeting is the Time Value of Money principle. This principle states a dollar today is worth more than a dollar tomorrow because inflation erodes purchasing power.

Class, please state some real

-

world applications that require the use of the time value of money principle.

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