公司理财Chap009_PPT.pptVIP

The Time Value of Money 9 Chapter Outline Time value associated with money Determining future value based on number of periods over which funds are to be compounded at given interest rate Present value based on current value of funds to be received Tables for future and present values, their need in computations, determination of yield Compounding or discounting occurring on a less than annual basis Relationship to the Capital Outlay Decision Determine whether future benefits are sufficiently large to justify current outlays Mathematical tools help in making capital allocation decisions Futur