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The time value of money — compound interest
economics
A dollar now is worth more than a dollar later: compound interest grows it (sealed on the economics stick), present value discounts it back, and the rule of 72 estimates the doubling time. The arithmetic of time and money. Rests on the instruments.
source
Narrow Highway — economics
card id
card_econ_time_value
address
WIT.codex.FCT/the-time-value-of-money-compound-interest/REF.WITNESSED@narrow-highway
adjoining cards
- part of → Economics — minds that choose, meeting scarcity — a pillar of economics (The time value of money)
- connects at → The instruments — every verifier and validator, and where they join — compound interest, present value and the rule of 72 - sealed finance arithmetic
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