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If you gladly pay for a hamburger on Tuesday for a hamburger today, is it equivalent to paying for it today?
A reasonable argument can be made that most everything in finance really boils down to "present value". So pay attention to this tutorial.
Why when you get your money matters as much as how much money. Present and future value also discussed.
A choice between money now and money later.
More choices as to when you get your money.
What happens when we change the discount rate?
Lets change the discount rates depending on how far out the payments are.