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TVM MODEL QUESTION ..

label Business & Finance
account_circle Unassigned
schedule 0 Hours
account_balance_wallet $5

What happens then to the TVM Model if a person who takes out a 5-year car loan is really planning on paying the loan off in 3 years?

Mar 14th, 2015

The idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. 

the 5-year car loan is worth more when received in 3 years

Mar 14th, 2015

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Mar 14th, 2015
Jun 26th, 2017
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