The time value of money is an important topic in finance. it essentially postulates that $1 today
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The time value of money is an important topic in finance. it essentially postulates that $1 today is worth more than $1 received tomorrow. let’s discuss a few topics around this concept:
1. how much would $1,000,000 due in 100 years be worth today if the discount rate was 5%? if the discount rate was 10%. discuss how and why the results are different at the different interest rates.
2. if you wanted to have $1,000,000 in savings at retirement, how much would you need to save each year over the next 30 years if you could earn 5% annually on your savings?
Related Book For
Systems Analysis and Design
ISBN: 978-1133274636
9th Edition
Authors: Shelly Cashman, Gary B. Shelly and Harry J. Rosenblatt
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