Business, 09.12.2019 18:31 FailingstudentXD

Why is it important to prepare a financial budget? explain what is meant by the term "time value of money". for example, why might it be better to receive $8 today, over receiving a promise of $9 seven years from now? how should one consider the time value of money when planning for retirement? share examples within your response.

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Why is it important to prepare a financial budget? explain what is meant by the term "time value of...