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If you will receive RM1,000.00 a year in years 1 through 5, and RM3,000.00 a year in Years 6 through 8. If you require a

  1. If you will receive RM1,000.00 a year in years 1 through 5, and RM3,000.00 a year in Years 6 through 8. If you require a 10 percent rate of return, what is the present value of these cash flows?
  2. Why is the concept of the time value of money so important to financial managers?

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