Using the concept of the time value of money, write an argument in favor of shopping for a good interest rate.

Question

Jerimiah

Business

26 July, 08:41

Using the concept of the time value of money, write an argument in favor of shopping for a good interest rate.

+5

Answers (2)

Know the Answer?

Macie Johnson · Answer 1

Interest is increasing time value of money,

Litzy · Answer 2

With time, money is devaluated, that is to say it is worth less than it was worth before. This is due to money exchange movements throughout the world. Many of the international conflicts affect currencies, as the fear and ambitions of investors change according to events.

Therefore, to preserve a lower value than a certain object will be worth in the future, it is better to persuade purchases (shopping). On the other hand, the same effect will make real estate assets bought in the future worth more, so they are a good source of investment.

Interest in the prices of goods may rise at any time, whether for national or international matters; You have to keep it in mind when making budgets for any type of future plan.