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Mastery Problem: Time Value of Money Time value of money Due to both interest earnings and the fact that money put to good use should
Mastery Problem: Time Value of Money
Time value of money
Due to both interest earnings and the fact that money put to good use should generate additional funds above and beyond the original investment, money tomorrow will be worth less than money today.
Simple interest a decimal. ie would be entered as
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Remember, the interest is only computed on the principal amount.
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