The Three Factors That Affect the Time Value of Money

question 48

True/False

The three factors that affect the time value of money are how old you are when you invest, number of periods, and the interest rate.

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Definitions:

Attitudes

Settled ways of thinking or feeling about something, often reflected in a person's behavior.

Positive

Characterized by the presence or possession of features or qualities rather than their absence.

Negative

Characterized by a lack of positive qualities, often associated with harmful or undesirable effects.

External Locus

The belief that outcomes in one's life are determined by external forces or circumstances beyond personal control.