Present Value and Internal Rate of Return are not difficult concepts to understand.Take a look at the Cheat Sheets I’ve prepared along with 2 very short videos to explain these concepts.
For 20+ years, I’ve been carrying an old plastic card around in my wallet that is a great cheat sheet for investment-minded folks to quickly assess various return options.
I decided to recreate it here because it’s very useful as a handy cheat sheet you can use for quick reference. (You can click on the table to open a printable image.)
You just won the $10 million lottery
Let’s have some fun and assume you just won a $10 million lottery jackpot in California’s MEGA Millions game.