The financial concept of "the time value of money" is now in the spotlight, thanks to President Donald Trump's complaint about The New York Times's expose of alleged tax schemes that bolstered his fortune. The article claims Mr. Trump received far more wealth from his father than he has divulged — $413 million in today's dollars, by the Times's accounting. Mr. Trump on Wednesday criticized the piece for what he claims is the use of "the time value of money," among other complaints. Although the precise nature of Mr. Trump's objection is unclear, a closer look at the concept of the time value of money suggests what he might be getting at. What is the time value of money? The time value of money is the idea that money in hand is worth more than the same amount of money in the future. In other words, $1,000 is worth more to an investor now than in a month, year or or other period of time because she can start earning a return immediately. That interest will compound over … [Read more...] about “Time value of money”: What is it, and how does it work?
Time value of money ppt
A Gedling primary school has set up its own pupil-run bank and shop with its own currency to teach children the importance of earning and saving money. Priory Junior School introduced the scheme last week, with the aim of promoting key life skills to its 236 pupils aged seven to 11. Children work in the bank and shop after applying for positions, and every pupil has a 'bank account' at the school, which they can withdraw their self-designed currency. They have the opportunity to earn the currency through working hard and achieving at school in their work, which can then be spent on items in the shop. Holly Edwards, acting head teacher, who implemented the idea, said: "We have been previously running a reward scheme for three years based on our school values. Read More SCHOOLS AND EDUCATION "We introduced this currency idea to teach children the value and importance of saving and earning money. "We want to make real life learning a driving force and providing essential skills for … [Read more...] about Primary school teaching the value of money as it opens pupil-ran bank and shop
Sales from Northern Ireland to Great Britain were worth nearly four times the value of exports to the Republic of Ireland in 2016, new data revealed. However, sales of finished products to Great Britain relied upon cross-border trade in raw materials, the Office for National Statistics (ONS) noted.The goods sold to Great Britain – classified as intra-regional trade within the UK rather than exports – were worth one and a half times the value of all Northern Ireland exports to the rest of the world.Sales to the Republic accounted for 27% of the total value of declared Northern Ireland exports during 2016, narrowly ahead of the 25% exported to the United States. The future of the Irish border is one of the most vexed issues facing Brexit negotiations in Brussels.The ONS report said: “The sale of finished products to Great Britain relies upon cross-border trade in raw materials and components through integrated supply chains, meaning trade with both Great Britain and the … [Read more...] about NI sales to Great Britain worth four times value of exports to Republic
Opinion PUBLISHED: 17:30 10 August 2018 | UPDATED: 17:53 10 August 2018 Starting early is one of the keys to a good financial education, says Warren Shute. Picture: Getty Images/iStockphoto This content is subject to copyright. Financial planner Warren Shute shares his top tips for raising money-smart children - what are yours? Warren Shute, certified financial planner and author of The Money Plan. Picture: Warren Shute.During the course of our lifetime, most of us see more than £1m go through our account – sometimes a lot more. Yet nobody teaches us how to manage that because we don’t have formal, compulsory financial education.That means it’s up to parents, not schools, to teach children how to manage their money well, regardless of their own experiences or success with money. Here are some of the things I do with my own kids to help them become money-smart.Starting early is one of the keys to a good financial education, says Warren Shute. Picture: … [Read more...] about Warren Shute: How to raise children who know the value of money
TENS of thousands of tenants could be entitled to up to three times the value of their deposit from their landlord thanks to a little-known legal clause, according to a leading lawyer. As part of the Housing Act landlords are legally required to place short-hold tenancy deposits in a Government-approved scheme and if they don't they could be liable to pay a fine. There are three approved schemes for renters in England and Wales any tenant who discovers that their deposit has not been registered can raise the issue at a small claims court. On top of this the court is legally obliged to penalise the landlord and force them to pay between one and three times the value of the deposit to the tenant. With approximately five million households renting in the UK and large numbers of rogue or inexperienced landlords operating, it means that tens of thousands of tenants are likely to have a claim. Property litigation lawyer Aileigh Brough, of Meaby & Co Solicitors, said that tenants can … [Read more...] about Renters could claim up to THREE-TIMES value of deposits thanks to little-known legal clause