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29 June, 09:37

The time value of money refers to:

A. personal opportunity costs such as time lost on an activity.

C. changes in interest rates due to changes in the supply and demand for money in our economy.

D. increases in an amount of money as a result of interest.

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  1. 29 June, 10:01
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    The answer is D. increases in an amount of money as a result of interest.

    Time Value of Money (TVM) is the idea that the money you have now can be invested to earn you more money. It is worth more in the bank now (because of investment) than a promise to receive 5 dollars in the future.
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