![]() More generally, the time value of money is the relationshipīetween the value of a payment at one point in time and its value at another point in time as determined by the mathematics of compound interest.īecause of the time value of money, payments made at different points in time cannot be directly compared. Which would you rather have?)Ī dollar today can be invested to accumulate to more than a dollar in the future, which also makes a future dollar worth (Think about $1,000,000 today compared to $1,000,000 to be received 5 years from today. It´s intuitive to most people that a dollar today is preferable to a dollar to be received in the future. A final examination is also available at the conclusion of this session, in order that certified property tax appraisers employed by a California County Assessor’s Office or the Board of Equalization may demonstrate their overall comprehension of the subject matter, attest to their participation in the learning session and receive training credit for completion of the session. Problems available at the end of lessons are to be worked by participants to ensure comprehension of concepts and calculations discussed in the lesson. To assist in the attainment of the learning objectives, examples are incorporated within the lessons to illustrate the concept being discussed. In this learning session, instruction is provided through structured reading and illustrated examples. Demonstrate how to use the factor tables and each compound interest function in Assessors' Handbook Section 505, to estimate the market value of property for property tax purposes.Explain the compound interest functions presented in Assessors' Handbook Section 505, Capitalization Formulas and Tables, and their relationship to appraisal.Provide an understanding of the time value of money.The objectives of this learning session are to: Objectives and Format of Learning Session Use of Assessors´ Handbook Section 505, Capitalization Formulas and Tables.The concept of the time value of money,.This lesson serves as an introduction to the topic and discusses the following: ![]()
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