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3. What do you want your post- retirement standard of living to be? Realistic strategy is to plan on having the same standard of living both pre- and
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The Time Value of Money. Why is £100 today worth more than £100 tomorrow? Deposit account in bank pays interest, so, overnight, £100 will have grown to
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3. What do you want your post-retirement standard of living to be?
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Time Value of Money Chapter 5. Important Concepts to be discussed 1.Opportunity cost and TVOM 2.Simple vs. Compound Interest 3.Lump sum payments 4.Annuities
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© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin Chapter 4 Future Value, Present Value and Interest Rates
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