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It Is A Unique And Discriminating Factor

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In all decisions there is a unique and discriminating factor with the ability to significantly affect any plan, goal, or undertaking − the factor of time. As a matter of fact, it is often the decision catalyst for a specific course of action, direction, or approach altogether. Especially profound are time’s effects on strategic decisions as conceivably long intervals and concomitant risk synthesize to produce a myriad of vulnerabilities. For example, the time value of money permeates any and all capital investment with a fundamental understanding that capital here and now has added value over the same amount in the future. Experienced investors recognize there is a direct correlation between a term of a bond and interest rates which affect stability of the principal; longer terms equate to riskier and elevated investment volatility. One will also find time a key component in formulations of mathematics, physics, and economics just to name a few. Amortizing a mortgage, calculations of speed and actuarial charts for life insurance are only a handful of applications that rely on time as an essential factor. Even more subtle is time’s ubiquitous nature as it suffuses the human equation.

A more abstract understanding of time indicates a dichotomous perception and manifestation existing amid the world 's cultures accordingly. That dichotomy generally divides between what oftentimes describes or associates with "old world" and "new world." Moreover, while

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