Money received (or paid) in the future can be compared to money held today by discounting the future value based on the rate of interest.
Standard detail
5.
Benchmark
Depth 1Parent ID: D89CD8D6E4F744218BA6EAEED0288308Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 5.
- List ID
- 5.
- Standard ID
- D9C13DE8707D4BDC889777D74DBE160A
- ASN identifier
- S2604565
- Subject
- Financial Literacy
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- D89CD8D6E4F744218BA6EAEED0288308
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US