Math Definitions - Letter T
Chapters
Time Value of Money
Definition of Time Value of Money
Time Value of Money refers to the idea that the amount of money in an investment can be increased over time. This is particularly true of compound interest bearing accounts.
For example, if Al invests \(\$2,000\) at a compound interest rate of \(5\%\) per year, his investment will grow to \(\$2,100\) by next year.
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter T
Author: Subject Coach
Added on: 14th Jan 2018
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