公司理财课件英文版(ppt 25).pptVIP

Capital Investment Decisions 2.1 Net Present Value 2.2 Project Valuation in a Riskless World Fisher’s Principle 2.3 Present Value and Compounding 2.4 Present Value with Special Cash Flows (RWJ Ch 3, 4) Investment Decision Example 1: Suppose an investment that promises to pay $10,000 in one year is offered for sale for $9,500. Your interest rate is 5%. Should you buy? If you were to be promised $10,000 due in one year when interest rates are at 5-percent, your investment be worth $9,523.81 in today’s dollars. 2.1 Net Present Value : FV and PV The amount that a borr