Inflation is inevitable and the fluctuation of currency is something we can always count on.Discuss a situation where you were affected by the time value of money.

1. What is meant by the power of time?
2. How are interest rates important in making future financial decisions (such as budgeting and retirement planning?

Answer rating: 100% (QA)

Answer The time value of money is a fundamental concept in finance that recognizes the fact that the value of money changes over time due to factors s... View the full answer