Time Value of Money

Learn how to use time value of money concepts to determine the amount you need to invest if you're a saver or the cost of a loan if you're a borrower. 

Whether you're a long-term investor watching your money add up or a value investor reinvesting your dividends, this mathematical phenomenon is ultimately behind the growth of your bottom line. 
Would you rather have $24,000 today, or $25,000 one year from today? If you want to know which offer is the better deal, you'll need to know about present value.
Invest for the long-term to take advantage of what Albert Einstein reportedly called "the most powerful force on earth."

Future value is one of the most important concepts in finance. Luckily, once you learn a few tricks, you can calculate it easily using Microsoft Excel or a financial calculator.
Present value is one of the most important concepts in finance. Luckily, once you learn a few tricks, you can calculate it easily using Microsoft Excel or a financial calculator.

Financial calculators and Microsoft Excel make calculating IRR amazingly simple -- here's how to use them. Memcache statistics operation total ms total hits total misses get 16.45 11 (91.7%) 1 (8.3%) getMulti 271.77 18 (94.7%) 1 (5.3%) ms operation bin key status 2.49 get cache_bootstrap esmithpass-cache_bootstrap-variables hit 0.22 get cache_bootstrap esmithpass-cache_bootstrap-bootstrap_modules hit 0.63 get cache_bootstrap esmithpass-cache_bootstrap-lookup_cache hit 6.07 get cache_bootstrap esmithpass-cache_bootstrap-system_list hit 0.87 get cache_bootstrap esmithpass-cache_bootstrap-module_implements hit 0.16 get cache_path esmithpass-cache_path-ckeditor%2Fxss miss 0.25 get cache_libraries esmithpass-cache_libraries-colorbox hit 0.67 get cache esmithpass-cache-schema%3Aruntime%3A hit 0.40 getMulti cache esmithpass-cache-.wildcard-schema%3A hit 0.13 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Afrequencies miss 0.18 get cache_views esmithpass-cache_views-ctools_export_index%3Aviews_view hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Acomments_recent hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Atracker hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Afeeds_log hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Aarchive hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Afrontpage hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Aglossary hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Alist_node_page_titles hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Abacklinks hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3ASimilar+Entries hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Apopular hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Ataxonomy_term hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Aweight hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Aadmin_views_node hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Aadmin_views_user hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Aadmin_views_taxonomy_term hit 16.94 getMulti cache_views esmithpass-cache_views-ctools_export%3Aviews_view%3Aadmin_views_comment hit 0.30 get cache esmithpass-cache-filter_formats%3Aen hit 0.98 get cache esmithpass-cache-filter_list_format hit 3.63 get cache esmithpass-cache-theme_registry%3Ainvestinganswers hit 0.20 getMulti cache esmithpass-cache-.wildcard-theme_registry hit

Best execution refers to the imperative that a broker, market maker, or other agent acting on behalf of an investor is obligated to execute the investor's order in a way that is most advantageous to the investor rather than the agent.