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by: Mara DePena

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# AAEC 2104, Week 4 Notes AAEC 2104

Mara DePena
Virginia Tech
GPA 3.62

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These notes are brief (as there was only one note-based class this week) and cover time-value of money problems. These problems are simply inputted into the calculator. Instructions on how to do ...
COURSE
Personal Financial Planning
PROF.
Dr. White
TYPE
Class Notes
PAGES
1
WORDS
CONCEPTS
Personal, finance, Time Value, Money, calculator, ti84, inflation, Interest, calculate, Future Value, Present Value, Lump Sum
KARMA
Free

## Popular in Agricultural & Resource Econ

This 1 page Class Notes was uploaded by Mara DePena on Saturday February 13, 2016. The Class Notes belongs to AAEC 2104 at Virginia Polytechnic Institute and State University taught by Dr. White in Spring 2016. Since its upload, it has received 81 views. For similar materials see Personal Financial Planning in Agricultural & Resource Econ at Virginia Polytechnic Institute and State University.

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Date Created: 02/13/16
AAEC 2104 CHAPTER 3: THE TIME VALUE OF MONEY  \$1 today is worth more than \$1 in the future o 3 main reasons:  Risk  You may not receive that \$1 in the future  Inflation  Increase in the general price level  Opportunity cost  You can do things with that \$1 today TIME VALUE PROBLEMS  Future value (lump sum)  Present value (lump sum)  Annuities and loan payments  Future value of annuities o Annuity- constant payment over a period of time o Dollars/year or dollars/month  Present value of annuities  Perpetuities-constant stream of payments, forever SECRETS TO TIME VALUE  Lump sum- Only 1 cash flow, a one-time event  Annuity- Series of cash flows  Present value (PV)- What it is worth today  Future value (FV)- What it will be worth in the future  Rule of 72- Estimates how long it takes your money to double. Take the number 72 and divide it by the rate of return. TIME VALUE IN A TI-84 CALCULATOR  Apps -> finance -> tVM calculator -> alpha -> enter (solve)  N=total number of periods  I=rate of return  PV=how much you are investing today (present value)  PMT=payment  FV=future value

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