A beginning accounting student comes to you with the following question, "What is the time value of money and does it relate to interest?"Required:Explain the two concepts and how they are related.
What will be an ideal response?
Money can be used to acquire assets that will generate revenues, or it can be used to pay off liabilities which, over time, generate additional costs. Therefore, earning money or incurring costs is a function of time, which is another way of expressing the time value of money.Interest is the cost of the use of money. It is an expense item to the borrower and a revenue item to the lender.Therefore, interest, which is a function of time, is also the time value of money.
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Answer the question.You could take a 15-week, three-credit college course, which requires 11 hours per week of your time and costs $600 per credit-hour in tuition. Or during those hours you could have a job paying $14 per hour. What is the net cost of the class compared to working?
A. $4110 B. $754 C. $1954 D. $2910
Provide an appropriate response.Evaluate 
Fill in the blank(s) with the appropriate word(s).
Find the exact value of the expression.
A. -2
B. - 
C. -
D. - 
Express the product as a sum containing only sines or cosines.sin (3?) cos (4?)
A. 
[cos (7?) - cos ?]
B. sin cos (12?2)
C. 
[cos (7?) + sin ?]
D. 
[sin (7?) - sin ?]