TIME VALUE OF MONEY INTRODUCTION This module or note is created to provide students with step-by-step explanation and discussion on time value of money that mainly based on formulas instead of time value of money tables. The reason is so that students are able to answer all sorts of questions that involve interest rates and time period that are not available in the tables. OUTLINE OF THE NOTE A. Simple Interest B. Compound Interest 1. Single Amount • Future Value • Present Value
Free Compound interest Time value of money Interest
will begin college 15 years from today and the other will begin 17 years from today. You estimate your children’s college expenses to be $23‚000 per year per child‚ payable at the beginning of each school year. The annual interest rate is 5.5 percent. How much money must you deposit in account each year to fund your children’s education? Your deposits begin one year from today. You will make your last deposit when your oldest child enters college. Assume four years of college Solution: Cost of
Premium Time value of money Investment Bilbo Baggins
Time Value of Money Project Show all your work! Name _________________ 1. If Mrs. Beach wanted to invest a lump sum of money today to have $100‚000 when she retired at 65 (she is 40 years old today) how much of a deposit would she have to make if the interest rate on the C.D. was 5%? a. What would Mrs. Beach have to deposit if she were to use high quality corporate bonds an earned an average rate of return of 7%. b. What would Mrs. Beach have to deposit if she
Premium Time value of money Interest Money
Social Values in Mary Shelley’s Frankenstein Frankenstein is a complex novel written during the age of Romanticism. It contains many typical themes of Romantic novels‚ such as dark laboratories‚ the moon and a monster; however‚ Frankenstein is anything but a common novel. In this paper‚ I shall analyze some aspects that make this novel unique in the history not only of Romantic literature but also of literature in general. At first‚ I shall deal with the socially constructed morality present
Premium Sociology Mary Shelley Frankenstein
Advertising: the basics A good advertisement should have: * a well-targeted headline * clear design * well-written text - known as ’copy’ The advert must be tailored to the type of print media and the potential reader’s interests and habits. For example‚ if you sell gardening equipment‚ you might write a longer advert for a gardening magazine - where you can assume that the reader is already interested in the subject and so is more likely to read all the text. Likewise‚ you might
Premium Advertising The Reader Newspaper
are believed to be created in the image and likeness of God‚ Locke proposed that the value of the individual is justified by the authority of God. This means that God gave humans the exclusive right to their body and because there is value in their body then there is value in their labor. From this‚ Locke reasoned that people have a right to private property which is taking a good out of the commons and adding value to it through labor. In Locke’s vision of the social contract God gives authority to
Premium John Locke Political philosophy Property
Considering the whole span of earthly time…only within the briefest moments has one species – man – acquired significant power to alter the nature of the world. This power has now increased to one of disturbing magnitude.” (Rachael Carson) An essay exploring above quotation and way in which humans interact with natural world‚ with reference to Man’s relationship with nature has forever been a focal point of human concern. Though fifty years apart contextually‚ Aldous Huxley’s Brave New World
Premium Natural environment Science Human
compounded annually. How much will you have at the end of four years? How much would you have at the end of four years if interest is compounded semiannually? If interest compounded annually I would have saved $5‚519.06 at the end of four years. If interest compounded semiannually I would have saved $5‚522.43 at the end of four years. 2. Change the interest rate to a higher rate. How much will you have at the end of four years if interest is compounded annually at a rate of 3%? How much would you
Premium Money Debt Interest
there is no reason to live. Throughout the novel ‘1984’ by George Orwell there is an undercurrent of hope‚ of the possibility that things can improve in the future. However‚ by the end the text is completely bereft of hope. In Ridley Scott’s ‘Blade Runner’ we see a dystopia devoid of hope‚ where the only possibility of bettering your life is to move “off-world” and leave behind the now effete Earth behind. At first glance it would seem that Orwell’s ‘1984’ is completely without of hope. Everything
Premium Mind Thought Dystopia
setting the word Ethics is place as this are a moral code principles and philosophy when working in this setting. Ethical working in this setting includes respecting the principles and values which underpin the support for individuals who’s in St. Anne’s Community Services which is part of the organisation who look after of a homeless people. Ethical consideration has different kinds of treatment with in Health and Social Care setting which are: social justice‚ a person centred approach‚ right
Premium Human rights