MT217 Unit 5 Discussion
Question # 00073848
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Updated on: 06/01/2015 09:40 AM Due on: 06/01/2015
Please take this opportunity to consider the subject under discussion and formulate a response that answers all of the questions and fully demonstrates your understanding of the topic. To illustrate your knowledge, please take time to provide evidence that shows how you formulated your answers by citing sources to justify your response.
An advertised monthly lending rate of 0.9% is about 11% per year. This difference between an advertised rate and the annualized rate is based on finer TVM details that may be overlooked by borrowers. Discuss how you may have used TVM in a recent investment or loan decision and explain some of the TVM details that may have been involved in your transaction.
If you have not used TVM in the past financial transactions what practical TVM application would you expect to encounter in your future.
An advertised monthly lending rate of 0.9% is about 11% per year. This difference between an advertised rate and the annualized rate is based on finer TVM details that may be overlooked by borrowers. Discuss how you may have used TVM in a recent investment or loan decision and explain some of the TVM details that may have been involved in your transaction.
If you have not used TVM in the past financial transactions what practical TVM application would you expect to encounter in your future.
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Solution: MT217 Unit 5 Discussion