Question
Consider the following scenario: You are a financial manager, and you want to help your client understand the idea that the money they invest will
Consider the following scenario: You are a financial manager, and you want to help your client understand the idea that the money they invest will make more money for them in the future. How can you show your client the benefit of investing their money?
Describe the concepts of present value, future value, and annuities to demonstrate to your client the benefits of investing. As part of your response, perform the following calculation: Take $10,000 of (fictitious) purchased stock, choose an interest rate, and calculate the amount of money that your client would have after 60 years if the interest is compounded annually. What would the $10,000 yield in the future?
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