Time value of money is an important concept because
A. Understanding the time value of money will allow you to determine the periodic savings needed to accumulate a sum of money in the present, help you compute car and house payments, and determine the periodic contributions necessary to retire in comfort. Understanding this concept can help you accumulate more liabilities.
B. Understanding the time value of money will allow you to determine the savings needed for emergencies, help you compute car and house payments, and determine the periodic contributions necessary to retire in comfort. Understanding this concept can help you decrease your wealth.
C. Understanding the time value of money will allow you to determine the periodic savings needed to accumulate a sum of money in the future, help you compute car and house payments, and determine the periodic contributions necessary to retire in comfort. Understanding this concept can help you accumulate more wealth.
D. Understanding the time value of money will allow you to determine the periodic savings needed to accumulate a sum of money in the future, help you compute grocery and utility bills, and determine the amount of money necessary to retire in comfort. Understanding this concept can help you accumulate more wealth.