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    Time Value of Money

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    Identify and describe at least one financial application of Time Value of Money employed by each of the following businesses:

    Commercial banks

    Credit card financial service companies

    Insurance companies

    State governments - lotteries

    Retirement plan financial service providers

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    https://brainmass.com/business/the-time-value-of-money/time-value-of-money-112257

    Solution Preview

    Time value of money is one of the basic concepts of finance, in which a certain amount of money today is worth more than the same amount in the future.
    Some of the key financial applications of Time Value of Money include the interest rate, the inflation rate, and the time period.

    For commercial banks and financial providers, they will need ...

    Solution Summary

    This solution is comprised of a detailed explanation to identify and describe at least one financial application of Time Value of Money employed by each of the following businesses.

    $2.19