Open Accessrole of home ownership credit in the concept of time value for money and the effect of banking credit costs in pandemic era
Author(s) -
Enrich Van Bosar Sitorus,
Gabriela CM Sormin,
Iskandar Muda
Publication year - 2022
Publication title -
international journal of health sciences (ijhs) (en línea)
Language(s) - English
Resource type - Journals
eISSN - 2550-6978
pISSN - 2550-696X
DOI - 10.53730/ijhs.v6ns1.5192
Subject(s) - time value of money , business , value (mathematics) , database transaction , monetary economics , money measurement concept , store of value , finance , financial system , economics , endogenous money , currency , monetary policy , velocity of money , machine learning , computer science , programming language
Money and its function in economic activities are not only based on the value listed in it but also there is time involvement that makes the value of money increase or decrease. The effect of time on the value of money is known as the concept of time value of money. This concept is important because it can help us to make decision for investing, taking loans, insurance, and other economy transaction. For the benefit of the people in a country the concept of time value of money is used to determine the amount of interest rates in home ownership credit. Home ownership lenders can use SWOT methods to develop a home ownership credit program with directed supervision so that risks can be prevented and benefits can be enjoyed.