1. 1) Explain, the Time Value of Money (TVM) concept,
3. 2) show, supported with numerical examples: (a) 5 examples of the application of the TVM concept in  personal life, and (b) 5 examples of the application of the TVM concept in business and social life
4. 3) and explain (no formula, only your explanation) the concepts of: (a) Present Value, (b) Present Value of an Annuity, (c) Future Value and (d) Future Value of an Annuity.         

Answer rating: 100% (QA)

The Time Value of Money TVM concept is based on the idea that money has a time value meaning that the value of money changes over time due to inflation and the potential to earn interest or returns on ... View the full answer