The time value of money is defined as the math of finance for which interest is earned
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Question:
The time value of money is defined as the math of finance for which interest is earned over time by saving or investing money. With this definition in mind and considering your readings for this unit, discuss why time value affects almost any financial decision. Under what situations might time value matter less?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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