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Mt 217 Unit 5 Discussion Question
Advanced Time Value of Money
An advertised monthly lending rate of 9% is about 11% per year. This difference
between an advertised rate and the annualized rate is based on finer TVM details that
may be overlooked by borrowers. Discuss how you may have used TVM in a recent
investment or loan decision and explain the TVM involved in your transaction.
If you have not used TVM in the past financial transactions what practical TVM
application would you expect to encounter in your future.
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