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Unformatted text preview: $100.00 P My Savings Account balance is: $106.00 F The point here is that $100 today is not equal to $100 one year from now. Would you loan me $100 if I promised to repay you $100 one year from now? Probably not!! Why? Because I would deposit the $100 earn $6 then repay you $100....
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This note was uploaded on 02/16/2012 for the course ENGR 265 taught by Professor Arnold during the Spring '09 term at University of Arizona- Tucson.
- Spring '09