Quality Learning Support For Better Outcomes
First time here? Checkout the FAQs!
MathsGee is Zero-Rated (You do not need data to access) on: Telkom |Dimension Data | Rain | MWEB

1 like 0 dislike
The “time value of money” means that
A. money paid out today has less value than if the money is paid out in the future.
B. money received today is worth more than the same amount of money received in the
C. the more time a person has to save, the lower the return on the money.
D. the longer money is held, the less likely it will be spent.
in Mathematics by Diamond (78,454 points) | 62 views

1 Answer

0 like 0 dislike
Money received today is worth more than the same amount of money received in the future

A dollar received today is worth more than a dollar received tomorrow because it can be saved, earn interest above the rate of inflation and be invested. This is the concept of the time value of money. The “Rule of 72” is a convenient way to calculate the increased value of money from interest
by Wooden (4,436 points)

Related questions

1 like 0 dislike
1 answer
asked Jun 10 in Business by MathsGee Diamond (78,454 points) | 17 views
1 like 0 dislike
1 answer
0 like 0 dislike
1 answer

Join the MathsGee community and get study support for success - MathsGee provides answers to subject-specific educational questions for improved outcomes.

On MathsGee Answers, you can:

1. Ask questions
2. Answer questions
3. Comment on Answers
4. Vote on Questions and Answers
5. Donate to your favourite users

Enter your email address:

MathsGee Tools

Math Worksheet Generator

Math Algebra Solver

Trigonometry Simulations

Vectors Simulations

Matrix Arithmetic Simulations

Matrix Transformations Simulations

Quadratic Equations Simulations

Probability & Statistics Simulations

PHET Simulations

Visual Statistics

MathsGee ZOOM | eBook