SSC MCQ Question Ans. Time Value of Money. The concept of Time Value of Money is the root of all Financial Decision. Today’s Tk100.00 and Tk100.00 after 10 years will not carry the same value. This concept of time value is also necessary for our daily life. If we know by what rate he is calculating the interest of the loan taken from the money lender, we will be able to evaluate among different sources and we can compare different sources before taking any financial decision. This way we can finance from most suitable sources . A loan taken from the bank requires paying installment as per the payment schedule. How this payment schedule is being measured – this chapter will also cover this kind of mathematical problem. To solve these mathematical problems, a scientific calculator will be needed. But you cannot use a financial calculator.
SSC MCQ Question Ans. Time Value of Money
The concept of Time Value of Money is the root of all Financial Decision. Today’s Tk100.00 and Tk100.00 after 10 years will not carry the same value. This concept of time value is also necessary for our daily life. If we know by what rate he is calculating the interest of the loan taken from the money lender, we will be able to evaluate among different sources and we can compare different sources before taking any financial decision. This way we can finance from most suitable sources. A loan taken from the bank requires paying installment as per the payment schedule. How this payment schedule is being measured – this chapter will also cover this kind of mathematical problem. To solve these mathematical problems, a scientific calculator will be needed. But you cannot use a financial calculator.
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