QUESTION1

Evaluating Choices: Time, Risk, and Value.

• What is time value of money?
• Discuss how the expression a bird in the hand is worth two in the bush relate to the concept of the time value of money?

( ANSWER EACH OF THE QUESTION IN 2 PARAGRAPHS EACH AND INCLUDE APA CITATIONS OF SOURCES)

QUESTION 2

In My Notes or your financial planning journal, identify a future cash flow( ONE PARAGRAPH). Calculate its present value and then calculate its future value based on the discount rate and time to liquidity. Repeat the process for other future cash flows you identify. What pattern of relationships do you observe between time and value?

(PLEASE DONT NEED ANY SHORT ANSWER) APA CITATIONS OF SOURCES.