CHAPTER 5: THE VALUE OF MONEY

... value of DUE is less than the future value of ORD c The present value of ORD exceeds the present value of DUE, and the future value of ORD also exceeds the future value of DUE d The present value ... present value of ORD must exceed the present value of DUE, but the future value of ORD may be less than the future value of DUE b The...

Ngày tải lên: 18/10/2017, 19:36

... division of Pearson Australia Group Pty Ltd) – 978 144 2518193/ Gitman et al / Principles of Managerial Finance / 6th edition Future Value Of A Single Amount  Future Value: the value of a present ... division of Pearson Australia Group Pty Ltd) – 978 144 2518193/ Gitman et al / Principles of Managerial Finance / 6th edition Present Value Of A Single Amount  Present Val...

Ngày tải lên: 16/12/2013, 14:57

... Chapter The Logic of Group Behavior In Business and Elsewhere is very often ineffective in motivating group behavior The logic of this theory seems perverse; but, as we will see in later chapters, ... raise the payoff to the shirkers to something slightly higher than 50 18 Chapter The Logic of Group Behavior In Business and Elsewhere...

Ngày tải lên: 17/12/2013, 15:18

... + i)n $2 = $1(1 + 0 .20 )n (1 .2) n = $2/ $1 = nLN(1 .2) = LN (2) n = LN (2) /LN(1 .2) n = 0.693/0.1 82 = 3.8 ? 2- 21 Financial Calculator INPUTS N OUTPUT 3.8 20 I/YR -1 PV PMT FV 2- 22 Spreadsheet Solution ... 2- 2 Time lines show timing of cash flows CF1 CF2 CF3 i% CF0 Tick marks at ends of periods, so Time is today; Time is the end of Period 1; or the beginning of Peri...

Ngày tải lên: 29/05/2015, 11:49

... on the verge of slipping Use the inequality if the surfaces are not on the verge of slipping Forces of Friction, final The coefficient of friction depends on the surfaces in contact The force of ... generally greater than the force of kinetic friction The direction of the frictional force is opposite the direction of motion and parallel to the surface...

Ngày tải lên: 18/06/2016, 08:46

... present value of the annuity due exceeds the present value of the ordinary annuity, while the future value of the annuity due is less than the future value of the ordinary annuity c The present value ... correct? a The present value of the ordinary annuity must exceed the present value of the annuity due, but the future value of an ordinary annuity may be less th...

Ngày tải lên: 22/11/2016, 11:02

... năm 12% Ghép hàng năm FV2 = 1,000(1+ [. 12/ 1])(1) (2) = 1 ,25 4.40 Ghép tháng FV2 = 1,000(1+ [. 12/ 2]) (2) (2) = 1 ,26 2.48 Tác động số lần ghép lãi Ghép theo quý FV2 = 1,000(1+ [. 12/ 4])(4) (2) = 1 ,26 6.77 ... Ghép theo tháng FV2 = 1,000(1+ [. 12/ 12] )( 12) (2) = 1 ,26 9.73 Ghép theo ngày FV2 = 1,000(1+[. 12/ 365])(365) (2) = 1 ,27 1 .20 Ví dụ Julie Miller vay ngân hàng số tiền $10,000...

Ngày tải lên: 03/12/2016, 12:33

... portfolio variance is the essence of understanding the mathematics of diversification • The variance of a linear combination of random variables is not a weighted average of the component variances ... linear combination of the returns on the individual investments • The variance of the portfolio is not a linear combination of component variances Return ◆ The expected retu...

Ngày tải lên: 15/06/2017, 19:15

... need to have in the future? – Down payment = 1( 150 ,000) = 15, 000 – Closing costs = 05( 150 ,000 – 15, 000) = 6, 750 – Total needed = 15, 000 + 6, 750 = 21, 750 • Compute the number of periods – PV = - 15, 000; ... rate – the longer the time period, the lower the present value – What is the present value of $50 0 to be received in years? 10 years? The discount...

Ngày tải lên: 07/03/2015, 12:22

... Valuation: The Time Value of Money TABLE 5. 3 Interest Rate Number of Periods 5% 10% 15% 20% 952 4 9070 8638 8227 78 35 9091 8264 751 3 6830 6209 8696 756 1 657 5 57 18 4972 8333 6944 57 87 4823 4019 Present Value ... the present value of a future cash flow to determine its value today 1͞(1 ϩ 15) 3 ϭ 1͞1 .52 09 ϭ 657 5 The amount you must invest is thus: $1,000...

Ngày tải lên: 10/09/2017, 08:11

... government of cials will be able to build enough confidence in the riel to suppress the use of the U.S dollar and of gold as the prevailing means of exchange and stores of value Cambodia’s Economic ... case the unfairness of the terms and the cycle of debt they produced created animosity Farmers kept only small sums of money to purchase essentials...

Ngày tải lên: 16/02/2014, 11:20

... Future Value of an Annuity Due To find the future value of an annuity due, multiply the amount of a single payment or receipt by the future value of an ordinary annuity factor 6-35 Future Value of ... Present value of an ordinary annuity or Present value of an annuity due The amount of the annuity payment The number of periods 6-49 The interest ra...

Ngày tải lên: 29/06/2014, 03:20

... happen? How did a Number of Bank Failures 2 25 200 1 75 150 1 25 100 75 50 25 19 35 1940 19 45 1 950 1 955 1960 19 65 1970 19 75 1980 19 85 1990 19 95 2000 20 05 F I G U R E Bank Failures in the United States, ... nationwide banking as outweighing the costs Separation of the Banking and Other Financial Service Industries Another important feature of the struc...

Ngày tải lên: 06/07/2014, 13:20

... of their personal likelihood of disease in preparing pretest educational strategies Often, patients harbor unwarranted fear or denial of their likelihood of genetic risk Genetic testing has the ... concern that testing during childhood violates a child's right to make an informed decision regarding testing upon reaching adulthood On the other hand, testing should be offered in...

Ngày tải lên: 07/07/2014, 01:20