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Date Posted: 19:35:16 04/07/02 Sun
Author: Dr. D.
Subject: Time value of money problem set #23
In reply to: Marilyn Whittaker 's message, "Time value of money" on 16:18:42 04/07/02 Sun

Marilyn:

To get "year" problems, it often helps to make up a 1 or two year example. From your 40th to your 41st birthday there is one year... from 40 to 42 is 2 years, and so on. Therefore, from 40 to 65 is 25.

I think what's confusing you might be that in the above examples, there is always one more birthDATE than there is years. In other words, from your 40th to your 41st birthday is two "BRITHDATES" but only one year.

Hope this helps.

>Hello Dr. D:
>
>I have a question on the problem set for TVM.
>
>On question 23. I now understand how it was set up,
>but to figure the present value from the future value
>of 457951.26 wouldn't you use 26 periods instead of 25
>since your father is giving you money on your 40th
>birthday so you must include year 40 since it's right
>on your birthday?
>
>Thanks
>
>Marilyn

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