The document summarizes key concepts about the time value of money, including formulas for calculating future value and present value of a single amount. It provides an example of calculating the future value of $800 invested at 6% annual interest over 5 years ($1,070.58) and an example of calculating the present value of $300 to be received in 1 year with a 6% discount rate ($283.02). The document explains that present value discounts future cash flows to account for the fact that money has greater value if received today versus in the future.