C
H
O
O
S
E
T
O
P
I
C
Next time, click the stars (or press S) to bookmark
difficult terms for review.
What is the present value of money? | It is the current worth of a future sum of money or stream of cash flow given a specified rate of return |
why is the present value of money less that or equal to the future value? | Because money has interest earning potential, a characteristic known as the time value of money |
What is the present value of money?
why is the present value of money less that or equal to the future value?