Q 1. Why is it important to prepare a financial budget? 2. Explain what is meant by the term "time value of money". For example, why might it be better to receive $8 today, over receiving a promise of $9 seven years from now? 3. How should one consider the time value of money when planning for retirement? Please share examples within your response. Comment on least 2 posts. Please number, bullet, or provide spacing for each question response.
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