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Discuss what is meant by the concept of Time Value of Money (TMV) and how...

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Accounting

Discuss what is meant by the concept of Time Value of Money (TMV) and how this has an impact on investment decision making. Provide an example of how this concept works. Next provide a discussion of Net Present Value (NPV) and how TMV is used in NPV decision making. Provide an example of a NPV analysis of a particular investment choice to be made as part of the capital budgeting decision making process.

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