This volume provides a basic understanding of the time value of
money and the ways to most effectively estimate the relative
changes in the current value of proposed activities. Formulae and
factors are provided to calculate the future value of dollars spent
today, the present value of expected future income, and various
ways to estimate the costs of future income and expenses. There is
very little economic theory here, but following the rules and
guidance provided will yield excellent results when deciding
between long-term options with variable income and expenses. In
addition, risk and uncertainty are addressed and ways are provided
to calculate the impact of risk and uncertainty on economic
decisions. A brief look at income statements and balance sheets is
provided as an adjunct to the evaluation of economic data. The end
of the volume contains dozens of interest tables to make the
calculation of economic decisions far easier than with the complex
equations, which are also provided.
General
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