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NemiM [27]
2 years ago
6

What best explains the time value of money? the concept is another way to explain how inflation works. it just means that it's b

est to have money today, so it can be put to work sooner to make even more money. this is just a banking term. it's insider jargon for compound interest. it means that, as time goes by, a dollar buys more today than it will tomorrow because of inflation. of course, in a deflationary economy the process is inverse?
Business
1 answer:
Mamont248 [21]2 years ago
4 0
Time value of money <span>it's best to have money today, so it can be put to work sooner to make even more money. When you have money now, you can invest and start building </span>interest on it. The quicker you have money, the quicker you start to grow your money and the sooner it can double, triple etc. 
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3 years ago
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To find the PV using a financial calculator:

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