In this part, I focus specifically on Future Value of a Single Sum. This refers to a situation where I have a single amount at the present time, and want to know how much I will have at some point in the future assuming that I can invest the single sum to earn a return or interest. I’ll spend some time zeroing in on future value of a single sum, and then detail how to set up the problem to best ensure that you’ll get the correct answer. Then, I’ll go through some specific examples using the Future Value of a Single Sum of $1 table to arrive at the solution.
For a PDF handout of the presentation, click here.