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Roberta thinks that she should store all of her savings under her mattress. Her son Micah wants her to invest the money. He tells her that when
money is invested or saved in an account earning interest, that sum increases in value over time without the owner doing anything. What
concept is Micah trying to teach Roberta?
ОА.
the time value of money
OB.
interest rate risks
Ос.
the resource of energy
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personal risks
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Previous 6 Next Midterm Submit Test Tools Info 6 Roberta Thinks That She Should Store All Of Her Savings Under Her Mattress Her Son Micah Wants Her To Invest Th class=

Sagot :

Answer: Time value of money

Explanation:

Based on the information given in the question, the concept that Micah is trying to teach Roberta is referred to as the time value of money.

The time value of money simply means that the money that an individual has presently is of more value than the same amount that the person will receive in the future. It is believed that money can generate interest. This is what is discussed in the question as it is believed that the money should be invested rather than storing it under the matress where it will not generate an interest.

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