The most useful “fun” utility on the zaFin suite was the time value of money calculator which basically allows you to compare the value of money at different times.
For example, how many times have you heard someone older than you mention the price of something way back when and then proceed to complain about the price of things today?
“When I was 25 years old, the price of bread was only 50c. Today, it’s R10!”
Well, 50c way back then was equivalent to just exactly how much today? Remember, all prices are relative, thanks to inflation. Things get more expensive, but we don’t still earn R150 per year (hopefully), right?
Nonetheless, the zaFin inflation and time value of money calculator will help put things in perspective for you.
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