Time Value of Money Concepts Can Be Used By

question 46

Multiple Choice

Time value of money concepts can be used by:

• A)individuals doing personal financial planning.
• B)CFOs and CEOs to make business decisions.
• C)investors calculating a return on an investment.
• D)All of these are users of time value of money concepts.

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Definitions:

Void

A term describing a contract or legal agreement that is null, having no legal force or effect, and therefore unenforceable.

Significant Sums

Large amounts of money that are considerable in quantity or effect.

Enforceable

Capable of being imposed or executed as per legal guidelines or by authority.

Writing

The action or skill of marking coherent words on paper and composing text.