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Your Financial Future Level 1

Your Financial Future Level 1. UK Edition. September 2011. Activity 6: What is the Time Value of Money?. The link between time, money, and how that money can grow is called the time value of money .

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Your Financial Future Level 1

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  1. Your Financial FutureLevel 1 UK Edition September 2011

  2. Activity 6: What is the Time Value of Money? • The link between time, money, and how that money can grow is called the time value of money. • If you have £10 in your pocket, its present value, or what it is worth today, is just that - £10. Its future value is the amount it will grow to at some point in the future if you manage it wisely. Bank of America Merrill Lynch

  3. Activity 6: What is the Time Value of Money? • Complete the Time and Money worksheet. This should take approximately 15 minutes. You can work in pairs if you want. • I will ask for volunteers to discuss your answers. Bank of America Merrill Lynch

  4. Activity 6: What is the Time Value of Money? • Review: • Use examples to explain the time value of money. • Describe why it is important to get the best rate of return possible on your savings. ? Bank of America Merrill Lynch

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