Without recognizing ________ it is impossible to understand compound interest,which allows investments to grow over time.
A)that taxes affect personal finance decisions
B)the time value of money
C)the importance of liquidity
D)that risk and return go hand in hand

Question

Quizplus · Accepted Answer

The time value of money is the concept that money today is worth more than the same amount of money in the future due to its earning potential. This understanding is crucial to grasping the mechanics of compound interest, which enables investments to generate returns over time.

Without Recognizing ________ It Is Impossible to Understand Compound Interest,which