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?
To support your response, be sure to reference at least one properly cited scholarly source.
Post a 150- to 225-word (2- to 3-paragraph) explanation of time value of money related to your client’s investments.
