1. THE TIME VALUE OF MONEY 1 2. 2 WHAT IS THE TIME VALUE OF MONEY.? A dollar received today is worth more than a dollar received tomorrow This is because a dollar…
Slide 11 Chapter 11 Time Value of Money Adapted from Financial Accounting 4e by Porter and Norton Slide 2 2 18 Time Value of Money Prefer payment now vs. in future due…
Slide 1 Chapter 4 Time Value of Money Slide 2 2 Future Value of Single Amount Deposit $1,000 into bank that pays 10% interest FV(1) = 1,000 + 1,000(.10) = 1,000(1.10) = 1,100…