The time value of money is an important concept because it is one of the fundamental concepts used in making investment and other financial decisions. It is the foundation of the concept of present value. More »

Globalization allows countries to benefit from economic synergy and collaborate in handling political, social and economic challenges. A global economy expands the reach of buyers and sellers for governments and countrie... More »

Economics and economic education are important for providing people with valuable insight into how foreign and domestic markets operate, which allows them to make reasoned and rational choices for short-term and long-ter... More »

Although there are many ways to double $100, the safest way to do so involves investing money in something that will increase in value over time. With the proper research, you'll find many viable investment options that ... More » Business & Finance Financial Calculations

To use a pension calculator, enter the required data into the fields to get a sense of the present value of your pension over time, according to Bankrate. This helps you determine how much life insurance you need to have... More » Business & Finance Financial Calculations

Some of the math concepts that third-grade students study include fractions, geometry, graphs, time and money. Third graders also learn to read and write four-digit numbers, to multiply and divide, and to compute place v... More » Math Arithmetic

The rule of 72 is used to calculate the number of years needed to double an amount of money given a particular interest rate. To use it, 72 is divided by the compound interest rate, which gives the number of years requir... More » Business & Finance Financial Calculations