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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showed last 75 words of 973 total
…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