Finance Ch.9

Both the future and present value of a sum of money are based on Interest rate and number of time.
And annuity may be defined as Hey series of consecutive payments of equal amounts
Time value of money is an important finance concept because All of the above
The concept of time value of money is important to financial decision-making because All of the above
The future value of a dollar that you invest today is More than a dollar
Under what conditions must a distinctive be made between money to be received today at my need to be received in the future When I Doman he can earn a positive return
A dollar today is worth more than a dollar to be received in the future because A dollar can be invested today in earn interest

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