The Three Factors That Affect the Time Value of Money

question 144

True/False

The three factors that affect the time value of money are principal, number of periods, and the interest rate.

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Definitions:

Governmental Regulations

Laws and rules established by government agencies that dictate business practices, standards, and behaviors.

Socio-Cultural

Referring to the social and cultural dimensions or factors that influence an individual's behavior, values, and perceptions.

Technological

Relating to or involving technology, especially in the context of new and innovative digital or electronic devices.

Natural Environment

The physical, biological, and chemical surroundings in which living organisms interact and are affected.