Lecture Organization Present Value and Discounting Perpetuity Time Value Terminology “Time value of money" and "the money value of time" A dollar today is worth more than a doll ar l... ater“ WHY...? …Every dollar generates interest every year and every period Future and Present Value Terminology PV is the Present Value, that is, the value today. FV is the Future Value, that is, the value at a future date. Denotation: The number of years between the Present Value and the Future Value is represented by “t ”. [Show More]
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