III: The Time Value of Money
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- 10: The Time Value of Money- Simple Present- and Future-Values
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- 10.1: Chapter Ten- Learning Outcomes
- 10.2: The Time Value of Money and Interest
- 10.3: Interest-on-the-Interest- The Nature of Compound Interest
- 10.4: Some More Simple TVM Problems
- 10.5: Simple Future and Present Values (Formulas)
- 10.6: Compounding Frequency Assumption
- 10.7: Simple Future and Present Values- Continuous Compounding (Supplemental)
- 10.8: Characteristics of the Time Value of Money- FV and PV
- 10.9: Future and Present Value Factors (Multipliers)
- 10.10: A Word on Compounding Frequency and Annual Equivalent Rates
- 10.11: Interpolation
- 10.12: Interpolation Illustrated
- 10.13: Some TVM Practice Questions
- 10.14: The Volatility of the Time Value of Money
- 10.15: The First and Second Derivatives Illustrated
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- 11: The Time Value of Money- Annuities, Perpetuities, and Mortgages
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- 11.1: Chapter Eleven- Learning Outcomes
- 11.2: Annuities
- 11.3: The Derivation of (Ordinary) Annuity Factors
- 11.4: The Derivation of Annuity Factors (Solution)
- 11.5: Future and Present Annuity Values- The Nature of Their Cash Flows
- 11.6: Future and Present Annuity Factors- Mathematical Formulas
- 11.7: Characteristics of Annuity Factors- A Review
- 11.8: Annuities- Practice Problems
- 11.9: Annuities Due
- 11.10: Annuities Due (Solutions)
- 11.11: Adjustment from Ordinary Annuity to Annuity Due
- 11.12: Uneven Cash Flows
- 11.13: Uneven Cash Flows (Solutions)
- 11.14: Uneven Cash Flows (Practice Problem)
- 11.15: Uneven Cash Flows (Practice Problem Solutions)
- 11.16: Uneven Cash Flows- Another Self-Test Practice Problem
- 11.17: Solution to Another Uneven Cash Flow Practice Problem
- 11.18: Perpetuities- No-Growth Perpetuities
- 11.19: The “Law of Limits” and Perpetuities
- 11.20: Growth Perpetuities
- 11.21: Fractional Time Periods
- 11.22: Loans- The Conventional Mortgage
- 11.23: A Few Thoughts about Mortgages
- 11.24: Summary Comparison of 15- and 30-Year Mortgages
- 11.25: Personal Financial Planning Problem
- 11.26: Summary- The Time Value of Money
- 11.27: Chapters 10 - 11- Review Questions