Finance Gaining an Understanding of Time Value of Money Questions

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1- The Time Value of Money is a fundamental concept used in financial analysis. Explain why it is important for financial managers to understand and utilize the principles involved.

2- Provide an example that could be used to illustrate the concept to people who have not encountered the idea before.

3- Explain whether you consider it important for people generally to understand the concept as Saudi Arabia continues to move toward Saudi Vision 2030. 

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