Solved: Describe the time value of money, Financial Accounting

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Describe the time value of money

Response to the following problem:

The payback method has been criticised for not taking the time value of money into account. Could this limitation be overcome? If so, would this method then be preferable to the NPV method?

Support your answer using a minimum of two professional or academic sources.

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Financial Accounting: Describe the time value of money

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Financial Accounting: Describe the time value of money

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