Help me out here !
I'm trying to illustrate to my staff how the value of €1,000 per year drops each year, heres a simple table;
Present Value of €1,0001000End of Yr1952End of Yr2907End of Yr3864End of Yr4823End of Yr5784
I've just taken into account 5% for inflation (is that sufficient?)
I'm hoping to get across that if staged payments are used, then they must be made on-time and the profit added has to be done very carefully to take into account the falling value of the payments.
Ta in advance!