Answers created by John

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• How does one calculate the present value of a perpetuity?
  
• Why use present value?
  
• How does one calculate the present value of a bond?
  
• Why is it important to understand the time value of money?
  
• How does one calculate the net present value (NPV) of a sum of money?
  
• What is the formula for a present value of a sum of money?
  
• What is the present value of a sum of money?
  
• What is the effective interest rate?
  
• Why use future value?
  
• What is the time value of money?