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Katy loves Time Value of Money ( TVM ) problems, and understands the concept being crucial in personal finance, especially as it has helped her
Katy loves Time Value of Money TVM problems, and understands the concept being crucial in personal finance, especially as it has helped her in important investment decisionmaking. Her best friend, Kassie is not so clear on the concept and has asked Katy which permits faster growth in a future value?
I. Longer investment period.
II More frequent compounding.
III. Simple rather than compound interest.
IV A higher present value.
V End of the period rather than the beginning of period savings.
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