In your own words, describe the time value of money concept and how it affects your investment
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In your own words, describe the time value of money concept and how it affects your investment program.
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The time value of money allows people to invest money over a period of time At the end of the i...View the full answer
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Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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The time value of money (TVM) is the concept that the money you have in your pocket today is worth more than the same amount would be if you received it in the future because of the profit it can earn during the interim.
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