Module 24
Time Value of Money
\( FV = PV\times(1+i)^n\)
\(PV = \frac{FV}{(1+i)^n}\)
Where:
- FV = Future Value
- PV = Present Value
- i = interest/discount rate
- n = number of periods (based on the time units of the interest rate).
\( FV = PV\times(1+i)^n\)
\(PV = \frac{FV}{(1+i)^n}\)
Where: