An advertised monthly lending rate of 9% is about 11% per year. This difference between an advertised rate and the annualized rate is based on finer The time value of money (TVM) details that may be overlooked by borrowers. Discuss how you may have used TVM in a recent investment or loan decision and explain the The time value of money (TVM) involved in your transaction.

If you have not used The time value of money (TVM) in the past financial transactions what practical The time value of money (TVM)application would you expect to encounter in your future