Putting Sense in the Time Value of Money:
Demonstrations of simple spreadsheet formulas for interesting/everyday personal finance applications.
This is a fundamental layer of a broad-ranging series on financial strategies, concepts, and ideas.
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Time Value of Money
The time value of money is a tool used to apply interest, either earned, in the case of an investment, or paid, in the case of debt, to calculate the value of money today vs money tomorrow.
But today it is far more beneficial to use a spreadsheet to make the same calculations. The visibility provided by a spreadsheet can help you make better decisions with the outputs, as well as help you troubleshoot the inputs. Troubleshooting and tweaking the data on a calculator can be very tedious.