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Time Value Of Money
Date Submitted: 09/10/2006 05:50:43
Category: / Business & Economy / Management
Length: 4 pages (973 words)
Category: / Business & Economy / Management
Length: 4 pages (973 words)
Abstract
The initial steps on the way to understanding the connection between the value of dollars today and that of dollars in the future is by looking at how funds invested will grow over time. This understanding will allow a person to answer such questions as; How much should be invested today to produce a specified future sum of money?
TIME VALUE OF MONEY
Generally, borrowing money is not free, unless it is a small …
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…of 72 is commonly used in all areas of personal finance and financial planning, particularly in real estate investing and stock investing.
References:
GetToObjects, (2002), Explanation of Future Value. Retrieved on February 25, 2006, from www.getobjects.com/Components/Finance/TVM/fv.html
Wikipedia, (2006), Rule of 72. Retrieved on February 25, 2006, from http://en.wikipedia.org/wiki/Rule_of_72
Brealey, R.A., Myers, S.C, & Marcus, A.J, (2004), Fundamentals of Corporate Finance (4th ed.). McGraw-Hill/Irwin, New York, NY
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