EBK FOUNDATIONS OF FINANCIAL MANAGEMENT
EBK FOUNDATIONS OF FINANCIAL MANAGEMENT
17th Edition
ISBN: 9781260464900
Author: BLOCK
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
Question
Book Icon
Chapter 9, Problem 3DQ
Summary Introduction

To explain:The importance of the time value of money.

Introduction:

Time value of money (TVM):

A concept that helps find the present worth of money received in the future or the future value of the money invested today is termed as TVM. It also helps an investor to determine the profitability of a project before investing in it.

Blurred answer
Students have asked these similar questions
What is hard currency?
Why does money have a time value? (Financial management)
Why does money have a time value? Does inflation have anything to do with making a ringgit today worth more than a ringgit tomorrow?

Chapter 9 Solutions

EBK FOUNDATIONS OF FINANCIAL MANAGEMENT

Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Entrepreneurial Finance
Finance
ISBN:9781337635653
Author:Leach
Publisher:Cengage
Text book image
Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning
Text book image
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:9780357110362
Author:Murphy
Publisher:CENGAGE L
Text book image
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Text book image
Individual Income Taxes
Accounting
ISBN:9780357109731
Author:Hoffman
Publisher:CENGAGE LEARNING - CONSIGNMENT
Text book image
SWFT Individual Income Taxes
Accounting
ISBN:9780357391365
Author:YOUNG
Publisher:Cengage