TIME VALUE OF MONEY
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This week we learn how to calculate the time value of money and why it is an important equation. It is fairly certain that this equation will become relevant in our lives. Drawing on your personal experience and/or future expectations, come up with an example where the time value of money would be important to you. Develop the values, draft the scenario and work out the equation in your answer. How would your answer change if interest rates skyrocketed 3 years from now?
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This discusses the TIME VALUE OF MONEY
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TIME VALUE OF MONEY
Interest rates, compounding and future value
(Book IM Pandey)
Before making any investment decision, one of the key elements you face is working out the real rate of return on your investment.
Compound interest is ...
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