Q309
In time value of money, nominal rate is
A.
not shown on timeline
AnswerB.
shown on timeline
C.
multiplied on timeline
D.
divided on timeline
Answer: Option A
Solution
Answer: Option A
Solution:
In time value of money, nominal rate is not shown on timeline. The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity.