|
Time is money … nowhere is this commonly heard phrase truer than in the area of finance, because in financial terms, time equals interest earned or interest paid.
Money received today is worth more than money received in the future, because money received today can be immediately invested and a return, in the form of interest received, can start to accumulate.
This publication examines the arithmetic used in determining the time value of money and the numerous ways in which time, and the accumulation of interest within that time, can affect the future value of money borrowed or invested.
 Target Market
- Finance students
- Employees in finance, banking and investment banking services
Programme Includes
- Examples of concepts and equation calculations
- Activities and self-marking assessments
- Glossary
- Fully searchable text
Course Content
- Simple Interest
- Compound Interest
- Discounting and Present Values
- Discrete Compounding
- Continuous Compounding and Discounting
- Net Present Value (NPV) and Internal Rate of Return
- Annuities: Ordinary Annuity, Annuity Due, Perpetuity
About the Author
Teresa Wilson managed her own training business for a number of years. She conducted training courses in financial markets for major banks and investment banks. She presented a number of course on Financial Mathematics and the usage of financial calculators. Teresa joined Rand Merchant Bank in 2008 and is responsible for driving the learning and development unit for Fixed Income, Currencies and Commodities.
|
