Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Hi can you show how to input in excel using the PV formula thank you so much
Expert Solution
Introduction
Present value refers to the current value of a future sum of money or cash flow, taking into account the time value of money. In other words, it is the amount of money that would need to be invested today at a specified rate of return in order to receive a future amount of money or cash flow.
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