Unit 3 – Investing: Making Money Work for You
Time Value of Money – refers to 3 elements (p. 15): 1. Time – the sooner you start saving/investing, the more likely you will earn more “new” money. 2. Money – the more money you invest, the more money you will earn on it. 3. Rate of Interest – the higher the interest rate, the more money you will earn. III. Popular SAVINGS OPTIONS ... ................
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