Time value of money: present value and future value
Why a peso today is worth more than a peso tomorrow: future value, present value and effective annual rate formulas, with worked examples.
3 min read
CFA
Notes on the CFA Program. Each article explains a syllabus topic —quantitative methods, financial statements, fixed income, derivatives, ethics and more— with step-by-step formulas and what matters most for the exam.
Why a peso today is worth more than a peso tomorrow: future value, present value and effective annual rate formulas, with worked examples.
3 min read