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kerat
Apr 3, 2009, 01:10 PM
Write a 200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and give an example of when each would be used.
Curlyben
Apr 3, 2009, 01:29 PM
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pready
Apr 4, 2009, 04:24 PM
PV = value of money in the present
FV = value of money in the future
PVOA is the present value of an ordinary anuity.
FVOA is the future value of an ordinary annuity.