曼昆《经济学原理》(宏观经济学分册)英文原版PPT课件——27basictools.pptVIP

27 The Basic Tools of Finance Finance is the field that studies how people make decisions regarding the allocation of resources over time and the handling of risk. PRESENT VALUE: MEASURING THE TIME VALUE OF MONEY Present value refers to the amount of money today that would be needed to produce, using prevailing interest rates, a given future amount of money. PRESENT VALUE: MEASURING THE TIME VALUE OF MONEY The concept of present value demonstrates the following: Receiving a given sum of money in the present is preferred to receiving the same sum in the future. In order to compare values at di