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HCA 270 Week 6

Time Value of Money

Resource: Ch. 12, 12-A, & 12-C of Health Care Finance

Part I: Complete the following table by inserting your responses to the questions. Cite any sources you use.

Define the time value of money.
Provide a real-world example for the time value of money.
Why is time such an important factor in financial matters?

How would you use the time value of money to your financial benefit?