Your friend Rohit mentions that the concept of time value of money has applications in  many areas of finance including capital budgeting, bond valuation, and stock valuation.  As a finance student, you want to elaborate and discuss further, the concept and on  certain important areas wherein the concept of Time value of Money has major  applications.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Your friend Rohit mentions that the concept of time value of money has applications in 
many areas of finance including capital budgeting, bond valuation, and stock valuation. 
As a finance student, you want to elaborate and discuss further, the concept and on 
certain important areas wherein the concept of Time value of Money has major 
applications.

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