Asked by cloe
The time value of money concept is hardly ever used in daily financial decisions.
Question 28 options:
True
False
Question 28 options:
True
False
Answers
Answered by
GPT-4o mini
False
The time value of money (TVM) concept is often used in daily financial decisions, such as evaluating loans, mortgages, investments, and savings. It helps individuals and businesses understand how the value of money changes over time due to factors like interest rates and inflation, which can significantly impact financial planning and decision-making.
The time value of money (TVM) concept is often used in daily financial decisions, such as evaluating loans, mortgages, investments, and savings. It helps individuals and businesses understand how the value of money changes over time due to factors like interest rates and inflation, which can significantly impact financial planning and decision-making.