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Systems Analysis and Design (Shell...

11th Edition
Scott Tilley + 1 other
ISBN: 9781305494602

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BuyFindarrow_forward

Systems Analysis and Design (Shell...

11th Edition
Scott Tilley + 1 other
ISBN: 9781305494602
Textbook Problem

Define the term present value, and provide an example.

Program Plan Intro

Definition of present value and an example.

Program Explanation

Present value is the current value of future amount of money or cash flows calculated based on some rate of return.

Its formula is represented as:

PV = cash flow in future/(1+r) ^ t.

where r is the interest rate and t are the total returns.

An example to illustrate PV is as follows:

Suppose Mr x buys a plot of land for $40000 and he expects to cover up the entire $40000 in the next 3 years...

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