A person who borrows money is concerned with the:
A)future value of money.
B)net present value of money.
C)net future value of money.
D)present value of money.

Question

Quizplus · Accepted Answer

A person who borrows money is generally concerned with the present value of money, which is the amount of money they need to borrow in order to have a certain amount of money available to them now. This is because they are likely using the borrowed funds to make a purchase or meet an expense in the present, and are making payments on the borrowed amount in the future. Thus, the present value of the borrowed amount is the most relevant factor for the borrower.

A Person Who Borrows Money Is Concerned with The