Difference between revisions of "Present value of money"
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| − | The '''present value of money''' is the amount of money | + | The '''present value of money''' is the amount of money today that equals a (typically greater) amount of money at some moment in the future. |
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| + | [[Interest]] is the key parameter in calculating the present value of money. | ||
[[Category: Economics terms]] | [[Category: Economics terms]] | ||
Revision as of 20:18, October 30, 2007
The present value of money is the amount of money today that equals a (typically greater) amount of money at some moment in the future.
Interest is the key parameter in calculating the present value of money.