In order to take advantage of the time value of money you should do all of the following, except
A) pay bills electronically so you can delay payments and still ensure on-time payment.
B) pay bills a little later than the due dates to take advantage of month-ending interest on your savings account.
C) use settings on many bill-paying Web sites that allow you to set a future date for payment once you receive a bill.
D) make use of your money while you have it, but always make payments by the due dates.

Question

Quizplus · Accepted Answer

Paying bills later than the due dates can result in late fees and damage your credit score, which negates the benefits of earning a little extra interest in your savings account. The other options leverage the time value of money without incurring late fees or penalties.

In Order to Take Advantage of the Time Value of Money