The time value of money is arguably the most important conceptual tool in all of finance and applied economics. Now that we have evaluated and discussed the features of bonds, their prices, yields, and other important features as they relate to time and of course the economic and financial events that change as time passes, please discuss the old saying, time is money.© BrainMass Inc. brainmass.com October 10, 2019, 4:42 am ad1c9bdddf
This saying has been around for years and it's popularity never diminished because as the years went on, we realized how many different situations that this saying could apply to, in many areas of personal and business life. The original saying, "time is money," was coined by Benjamin Franklin. In it's very first context, Franklin said this to mean that when people ...
The solution discusses the saying, time is money.