Great video if you’re learning the concept, and doesn’t hurt to brush up on the basics if you already know it.
How much money should you save today in order to have $10,000 in 10 years? If you won the lottery, how will you decide whether to take the lump sum payment? To answer these questions, you need to understand present and future value. Take advantage of this opportunity to watch an economist from the St. Louis Fed explain what they are and how they are calculated. [link]
Sorry – they don’t let me embed the video, so click on the link to watch it.