Today in Comm class it was all about Finance. I was a little nervous because I am the worst at math.
Doing the pre-reading about the time value of money got me too confused so I knew doing questions like that in class were not going to be fun. Thankfully I sat next to someone smart so he explained it well to me.
Here’s an equation that’s applicable to what I learned today:
I’m paid $1,000 now or $1,100 in a year, with my interest rate of math being 10%, which would option make me more money? I’d say in about year, if I graduate, we’ll see how much more I can maximize this money. Yeah, that probably wasn’t correct but…close enough.
