Importance of TVM concepts: Calculate future value, present value problems
1) Why the concept of present value is so important for corporate finance and is often the very first topic taught in any finance class. 2) Calculate the future value of the following: a. $15,000 if invested for five years at a 7% interest rate b. $19,500 if invested for three years at a 4% interest rate c. $29,900 if inv