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iii) how does a value for money person pay?
iv) what is best for a value for money person?
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iii)The formula for computing time value of money considers the payment now, the future value, the interest rate, and the time frame. The number of compounding periods during each time frame is an important determinant in the time value of money formula as well.
iv)Best value for money is defined as the most advantageous combination of cost, quality and sustainability to meet customer requirements. In this context: cost means consideration of the whole life cost.
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