People routinely engage in financial transactions that involve paying money today to get more money in the future or receiving money today and paying the money back later. For example, financing the purchase of a home entails receiving money now and paying it back later. Buying mutual fund shares entails paying money out now and hopefully receiving more money later. The same types of tradeoffs between money now and money later are made when we buy life insurance, establish a trust, invest in real estate, lease a car, or engage in many other financial transactions. This book is designed to help anyone use time value of money as a tool for more intelligent decision making. Chapters in this book include: (1) Basic Concepts and Applications, (2) Advance Concepts and Applications, (3) Self-Test and (4) Keystroke instructions for the following financial calculators: HP12C, HP10BII, HP17BII, BAII-Plus.
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