Complete Part I of the Time Value of Money worksheet by defining the time value of money. Include a real-world example that illustrates the concept. Answer these questions: •Why is time such an important factor in financial matters? •How might you use the principles of the time value of money to your financial benefit? Complete Part II by calculating the present value, internal rate of return, and payback period depicted in the worksheet. Click the Assignment Files tab to submit your assignment. Please complete on attached worksheet.