An advertised monthly lending rate of 9% is about 11% per year. this difference between an advertised rate and the annualized rate is based on finer tvm details that may be overlooked by borrowers. discuss how you may have used tvm in a recent investment or loan decision and explain the tvm involved in your transaction.

You are a professor of economics at a university.? you've been offered the position of serving as department? head, which comes with an annual salary that is ? $5 comma 500 higher than your current salary.? however, the position will require you to work 200 additional hours per year. suppose the next best use of your time is spending it with your? family, which has value of ? $10 per hour.