The other day, I was looking for a site where I could learn more about the time value of money. Unfortunately, I wasn't learning it well enough in the real estate broker's class I am currently attending, because the teacher is a grouch, and does not like to go into details. Fortunately, I came across some websites that helped me understand the concepts a little better.
First up, Investopedia. Their article about Understanding The Time Value Of Money is gold! I endorse it whole-heartedly.
Second, and never the least, thismatter.com and their excellent article The Future Value and Present Value Of An Annuity helped me make a formula in MS Excel to determine how much you can loan if you can only afford to pay a certain amount every month, as well as how much will your amortization payments be given an interest rate and payment period.
Why don't you guys check those articles out? You'll definitely learn a lot!
To our success,
Jon
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