This is the first installment in the Ed Michael Reggie Learning Series. It has been said that a bird in the hand is worth more than two in the bush. In the financial world, a dollar in the hand is worth more than two dollars in eight years at a 10% rate of interest. The time value of money is a fundamental concept that anyone in business needs to understand, and this Ed Michael Reggie Learning Series tutorial software is designed to help you understand the basics. Version 1.1 has added section on annuities and perpetuities.