No Free Lunch: Economics for a Fallen World: Third Edition, Revised
Chapter Eighteen: The “macro” view of the economy 470 ENDNOTES: 1. For the formula for future value, let i = .02 and t = 40. This leads to a multiple of any present value of 2.208. With i = .03, the multiple is 3.26 and for i = .04, the multiple is 4.8.