Future Value

Future Value

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Future value is the value of an asset at a specific date. It measures the nominal future sum of money that a given sum of money is "worth" at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function. The value does not include corrections for inflation or other factors that affect the true value of money in the future. This is used in time value of money calculations. Money value fluctuates over time: $100 today is not worth $100 in five years. This is because one can invest $100 today in a bank account or any other investment, and that money will grow/shrink due to interest. Also, if $100 today allows the purchase of an item, it is possible that $100 will not be enough to purchase the same item in five years, because of inflation (increase in purchase price).show more

Product details

  • Paperback | 84 pages
  • 152 x 229 x 5mm | 136g
  • Duct Publishing
  • United States
  • English
  • 6136685183
  • 9786136685182