Originally Posted by
Herkflyr
You mean compound interest--also known as "Time Value of Money"--is a real thing? You wouldn't know it when reading some angry posts here (usually accompanied by a liberal sprinkling of "Moakie"). TVM is routinely dismissed--until we want to bring up compounded pay raises for the FAs.
That too, is a FACT.
The TVM folks never calculate the Time Value of
Concessions.