WHAT IS THE VALUE OF MONEY

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WHAT IS THE VALUE OF MONEY? : 

WHAT IS THE VALUE OF MONEY? Webquest By Chris Hutchings, Jeff MacDonald and Donald MacDonald For Education 311

INTRODUCTIONWhat Factors Impact the Value of Money : 

INTRODUCTIONWhat Factors Impact the Value of Money Inflation Present Value Future Value Compound Interest Taxes Money is subjected to external influences that you and I have no control over.  Some MONEY CONCEPTS will offset some of these external influences such as:

INFLATION Resources What is INFLATION? How does Inflation Occur? Click here to see what INFLATION is. Click here to see how INFLATION occurs? Have your wages kept up with INFLATION? Right click,select Edit Data. TASKHow do concepts impact the Value of Money?

What does Present Value mean to you? : 

What does Present Value mean to you? What is Present Value? Click here for some information. That is why we cannot buy the same quantity in future years that I can buy today with $1. This is determined by the term FUTURE VALUE. PRESENT VALUE Resources

So What is Future Value? How is it determined? : 

So What is Future Value? How is it determined? Ever heard of FUTURE VALUE? Do you see how INFLATION impacts FUTURE VALUE? Click here to find out more. SHOCKING – ISN’T IT! That is why $500 today is worth less as time passes.

Ever heard of Compound Interest? : 

Ever heard of Compound Interest? What is Compound Interest? Click here to find out more. Now you can understand why the minimum payment on a student loan does pay.  There is a rule of thumb: If it takes 12 years for an amount to double if interest is 6% and it takes 9 years for an amount to double if the interest rate is 8%.   Any idea what the rule of thumb is?

Taxes – What we all have to face every day. : 

Taxes – What we all have to face every day. Governments need TAXES to redistribute income to seniors, the needy and retired citiz Let’s do a refresher on INFLATION, it’s cause, it’s impact and realities about your money. Click here.

TAX FREEDOM DAY : 

TAX FREEDOM DAY Have you ever heard of TAX FREEDOM DAY? Let us go to the Parliament of Canada for what has happened from 1992 to 2006. Click here for a brief clip about TAX FREEDOM DAY. Click here or here for the National Post.

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