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Question 5 1 pts Why is there something that is the time value of money? Since Medieval times, financial managers have been concerned with capturing
Question 5 1 pts Why is there something that is the time value of money? Since Medieval times, financial managers have been concerned with capturing profit through the use of an interest charge to reflect their lending costs. O The future is uncertain, inflation reduces purchasing power, and resources given up today have an opportunity cost. O The modern corporation lives as a legal entity forever (or until it is formally dissolved). Therefore, financial managers must be able to determine value across time given uncertainty, market interest rates as determined by central banks, and opportunity costs
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