Contents
Thinking About the Future in a Systematic Way
Mordecai’s Proposition—A Question of Present Value
Present Value in the Day-to-Day World
The Mechanics of Present Value—What Is a Discount Rate?
Step 3—Evaluate the Possibilities
Step 4—Weigh the Now and the Later
Present Value for Organizations and Communities
Present Value and the Distant Future—Planting Trees and Leaving a Legacy
The Value of the Actuarial Perspective and “The Rest of Your Life”
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