Time is money… what does that actually mean?

We’ve all heard the phrase “Time is money.” But what do these two things actually have to do with one another? German Nande explains the math behind interest rates, revealing the equation that will allow you to calculate the future value of your money – so, what will you do with your holiday bonus? Spend it, or put it into the bank?

Lesson by German Nande, animation by TED-Ed.

Source: Get more knowledge on TED-Ed

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