Why does money have a time value can you provide at least, Financial Management

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Why does money have a time value can you provide at least

1. Why does money have a time value? Can you provide at least one real-life scenario in which you can apply the concept of time value of money?

2. Challenges faced by Financial Managers in a Changing Economic Environment. Please provide extensive information.

3. What is The importance of projecting financial statements ?

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