Description

Learn about the time value of money with our Maths of Money 4 page knowledge booklet covering compound interest, future value and present value of money plus the impact of inflation on money. This product will help you plan your future financial goals, evaluate savings options and make more informed financial decisions. The product contains financial formulas used to calculate interest on savings, what the value of an amount will be in the future with a given interest rate and how much a regular monthly savings contribution will be in the future. If you are expecting to receive an amount of money in the future, you can calculate the equivalent amount in today’s money, which is useful for pension planning. This product also includes an Excel spreadsheet with time value of money calculators including examples of real-life applications.