Why is the concept of the time value of money important for making long-term project decisions?
Discussion 2
250 word minimum
In a line item budget, you begin with initial inflationary adjustments only in an effort to explain how much is required to maintain the buying power from the prior fiscal period. A member demands to know why you require these increases. How would you explain the impact of inflation on your budget proposal?
Chen, G. G., Weikart, L. A., & Williams, D. W. (2014). Budget Tools: Financial Methods in the Public Sector (2nd ed.). SAGE Publications, Inc. (US). https://ccis.vitalsource.com/books/9781483324050
https://ccis.vitalsource.com/reader/books/9781483324050/epubcfi/6/40%5B%3Bvnd.vst.idref%3Dch0010%5D!/4/24/1:385%5Bcie%2Cs.%5D
