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risk margin - Casualty Actuarial Society
risk margin - Casualty Actuarial Society

Prospective Interest Rate Differential and Currency Returns
Prospective Interest Rate Differential and Currency Returns

THE EFFECT OF COMMODITY PRICE CHANGES ON FIRM VALUE
THE EFFECT OF COMMODITY PRICE CHANGES ON FIRM VALUE

This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research

CAPITAL BUDGETING AND POLICY EVALUATION USING OPTION PRICING THEORY Peter Seed
CAPITAL BUDGETING AND POLICY EVALUATION USING OPTION PRICING THEORY Peter Seed

14 Gulf Daily News Sunday, 14th August 2016
14 Gulf Daily News Sunday, 14th August 2016

... Items that are or may be reclassified subsequently to profit or loss: Available-for-sale securities: - Net change in fair value - Impairment transferred to profit or loss - Transfer to statement of profit or loss on disposal of securities Share of other comprehensive income of equity accounted inves ...
Learning Objectives
Learning Objectives

Ananda Development: 2Q earnings to be weak with stronger presales
Ananda Development: 2Q earnings to be weak with stronger presales

The Trump Factor
The Trump Factor

Chapter 19
Chapter 19

... • Forecast of cash inflows and outflows over the next short-term planning period • Primary tool in short-term financial planning • Helps determine when the firm should experience cash surpluses and when it will need to borrow to cover working-capital costs • Allows a company to plan ahead and begin ...
report - Financial Policy Forum
report - Financial Policy Forum

... This more diversified flow of foreign capital (diversified in the sense that various vehicles were used to channel the capital flows) generated a different distribution of risks. Compared to the bank loans of the 1970s and early 1980s, this more diversified flow of capital tended to distribute risk ...
11 - JustAnswer
11 - JustAnswer

... c. What happens to the indifference point if the interest rate on debt increases and the common stock sales price remains constant? Indifference point moves to right, i.e., higher EBIT d. What happens to the indifference point if the interest rate on debt remains constant and the common stock sales ...
CanWel Building Materials Group Ltd. Consolidated Financial
CanWel Building Materials Group Ltd. Consolidated Financial

A History of Money and Banking - Lecture 5 - cerge-ei
A History of Money and Banking - Lecture 5 - cerge-ei

... P. Stankov (UNWE, CERGE-EI) ...
Your Client or Vendor Just Filed for Bankruptcy – Tips on What
Your Client or Vendor Just Filed for Bankruptcy – Tips on What

Download paper (PDF)
Download paper (PDF)

part 3
part 3

... – If we choose 16 as our bias value, we can consider every number less than 16 a negative number, every number greater than 16 a positive number, and 16 itself can represent 0 – This is called excess-16 representation, since we have to subtract 16 from the stored value to get the actual value – Note ...
Collateral Valuation for Extreme Market Events
Collateral Valuation for Extreme Market Events

“Exchange rate movements in the presence of the zero lower bound”
“Exchange rate movements in the presence of the zero lower bound”

This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: The Financial Effects of Inflation
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: The Financial Effects of Inflation

Chapter 2
Chapter 2

... • CCA is depreciation for tax purposes • CCA is deducted before taxes and acts as a tax shield • Every capital assets is assigned to a specific asset class by the government • Every asset class is given a depreciation method and rate • Half-year Rule – In the first year, only half of the asset’s cos ...
CHAPTER 9
CHAPTER 9

... which period its residual value will be negligible. The present furnace has a book value of Rs 15,000 and can be used for another 10 years with only minor repairs. If scrapped now, it can fetch Rs 10,000 but it cannot fetch any amount if scrapped after ten more years of use. The basic advantage of t ...
Form 10-Q - Town Sports International Holdings, Inc.
Form 10-Q - Town Sports International Holdings, Inc.

... Facility was issued at an original issue discount (“OID”) of 1.0% or $3,000. The $3,000 OID was recorded as a contra-liability to long-term debt on the accompanying condensed consolidated balance sheet and is being amortized as interest expense using the effective interest method. On May 11, 2011, d ...
key assumptions - Fisher College of Business
key assumptions - Fisher College of Business

... will remain that way until actual GDP growth closes the gap with potential GDP and applies upward pressure on prices and ultimately interest rates. It is expected that the high growth economic recovery will last about two years, at which time restrictive monetary policy may again be necessary. Below ...
Private Cash Flow Statements
Private Cash Flow Statements

... and note principal payments, capitalized lease payment, capital debt interest payments, capital acquisitions and capital item sale proceeds ...
< 1 ... 66 67 68 69 70 71 72 73 74 ... 178 >

Present value

In economics, present value, also known as present discounted value, is the value of an expected income stream determined as of the date of valuation. The present value is always less than or equal to the future value because money has interest-earning potential, a characteristic referred to as the time value of money, except during times of negative interest rates, when the present value will be greater than the future value. Time value can be described with the simplified phrase, “A dollar today is worth more than a dollar tomorrow”. Here, 'worth more' means that its value is greater. A dollar today is worth more than a dollar tomorrow because the dollar can be invested and earn a day's worth of interest, making the total accumulate to a value more than a dollar by tomorrow. Interest can be compared to rent. Just as rent is paid to a landlord by a tenant, without the ownership of the asset being transferred, interest is paid to a lender by a borrower who gains access to the money for a time before paying it back. By letting the borrower have access to the money, the lender has sacrificed the exchange value of this money, and is compensated for it in the form of interest. The initial amount of the borrowed funds (the present value) is less than the total amount of money paid to the lender.Present value calculations, and similarly future value calculations, are used to value loans, mortgages, annuities, sinking funds, perpetuities, bonds, and more. These calculations are used to make comparisons between cash flows that don’t occur at simultaneous times. The idea is much like algebra, where variable units must be consistent in order to compare or carry out addition and subtraction; time dates must be consistent in order to make comparisons between values or carry out simple calculations. When deciding between projects in which to invest, the choice can be made by comparing respective present values of such projects by means of discounting the expected income streams at the corresponding project interest rate, or rate of return. The project with the highest present value, i.e. that is most valuable today, should be chosen.
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