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Why Is the Concept of the Time Value of Money

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Why is the concept of the time value of money so important to financial managers?


Definitions:

Sleepwalking

A disorder that involves walking or performing other complex behaviors while in a state of partial wakefulness during sleep.

REM Sleep

A phase of sleep characterized by rapid eye movements, dream vividness, and increased brain activity.

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, regulating sleep-wake cycles among other bodily functions.

Neurological Disorders

A broad category of conditions that affect the nervous system, including the brain, spinal cord, and nerves, leading to various symptoms and disabilities.

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