Asked by
arpitha soppimath
on Oct 16, 2024
Verified
The number of periods in a present value calculation may only be expressed in years.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to assess investment opportunities.
Number of Periods
A figure representing the count of time intervals, such as months or years, in various financial calculations.
- Acquire competence in the basic concepts of time value of money, such as understanding present value (PV), future value (FV), present value of an annuity (PVA), and future value of an annuity (FVA).
Verified Answer
BM
Learning Objectives
- Acquire competence in the basic concepts of time value of money, such as understanding present value (PV), future value (FV), present value of an annuity (PVA), and future value of an annuity (FVA).
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