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Gerd does not know how to do Time Value of Money ( TVM ) calculations. He has tried using a calculator but struggles, he does

Gerd does not know how to do Time Value of Money

(

TVM

)

calculations. He has tried using a calculator but struggles, he does however believe that he understands the concept. Is the following True or False?

The widely accepted concept of TVM is such that a sum of money is worth less now than the same sum will be at a future date due its earning potential.

.

Question

69

Answer

True

False

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