Using time value of money is most important when planning for short-term goals.

Name: Using time value of money is most important when planning for short-term goals.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Using time value of money is actually most important when planning for long-term goals, such as retirement planning or saving for college education. It helps individuals make decisions on how much money to save, how to invest their savings, and how long it will take to achieve their goals.

Using Time Value of Money Is Most Important When Planning