It's official, money really does hurt. Let me tell you how I came about this conclusion... last night at college we started lecture 2 of our Finance module. I strolled in at 6pm, obviously not filled with joy at the thought of 3 hours of accounting, but yet I wasn't miserable either - finance is logical, it all adds up and makes sense. At least I thought so.
So, onto Appraisal Investment. It didn't start off too bad, looking at the payback method and the Accounting Rate of Return (ARR), then it went onto Net Present Values - that's where it all went horribly wrong. I can't get my head around the whole discount rates and what money is worth at the moment if you have so much in x number of years time???
I did feel rather sorry for the tutor at the end of it, after about the 5th or 6th attempt at explaining it, we still all had blank yet confused expressions on our faces. By 9pm I think he finally got it - WE DON'T UNDERSTAND IT!!!
Anyway, at the end of it I had a really bad headache and it's still lingering this morning. So, as I say money hurts.
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