Explore BrainMass

Explore BrainMass

    Value of Money

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Discuss the time value of money and why this is important. Define the following terms in detail.

    · Present Value
    · Future Value
    · Net Present Cost
    · Annualized Cost

    © BrainMass Inc. brainmass.com March 4, 2021, 8:18 pm ad1c9bdddf

    Solution Preview

    Time value of money- This means that the value of the money today is more than the value of the same amount of money in the future. This is due to inflation. For example, 100 years ago five cents may have bought you breakfast at the local diner but today those same five cents will not even be enough for a tip. So it was smart for someone to use those five cents 100 years ...