August 04, 2016
What Christians should know about the time value of money
Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post.
The Term: Time Value of Money
What It Means: The time value of money (TVM) is the concept that because of potential earning capacity, money available at the present time is worth more than the same amount at a future time. Continue Reading...