FUND.OF CORP.FINANCE-CONNECT+ >CUSTOM<
FUND.OF CORP.FINANCE-CONNECT+ >CUSTOM<
11th Edition
ISBN: 9781259903496
Author: Ross
Publisher: MCG CUSTOM
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Chapter 5.2, Problem 5.2ACQ
Summary Introduction

To discuss: The meaning of present value of an investment

Introduction:

The value of dollar at present will not be the same as the value of dollar earned in the future. The value of money deteriorates as the years pass by. Hence, the present value of money is different from the future value of money. The present value of money helps in calculating the present value of future cash receipts.

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