agp0107管理会计.pptVIP

Discounted Cash Flows折现的现金流 Present Value Concepts 现值概念 A dollar today is worth more than a dollar a year from now for two reasons: Money has a time value. The future involved uncertainty. 今天一美元比一年后的一美元有价值， 原因： 金钱有时间价值 未来不确定性 Discounted Cash Flows折现的现金流 Theory of Interest 利息理论 If P dollars are invested today at the annual interest rate r, then in n years you would have Fn dollars. 如果今天投资P美元，按年利息r计算，年后你将得到Fn美元 Fn = P(1 + r)n Discounted Cash Flows折现的现金流 Example: If $100 is invested today at 8% interest, how much will the investment be worth in two years? 举例：今天按的利息8%投资$1