When I was kid, a friend made me a hypothetical proposition. He told me he would give me a Maruti 800 car every day (guess that was the fanciest car both of us were aware of at that age and time). In return, I would have to give Re 1 on the first day, Rs 2… Continue Reading
Editor’s Note: In a recent podcast, CIEL’s Uma Shashikant suggests that ‘Time Value of Money’ is the only concept that average person needs to know in personal finance. Deepesh Raghaw attempts to explain this concept to our readers in this article. What would you prefer? Receive Rs 100 today or receive Rs 100 after 1… Continue Reading