Lecture Organization  Present Value and Discounting  Perpetuity Time Value Terminology  “Time value of money" and "the money value of time"  A dollar today is worth more than a doll ar l ater“ WHY...? …Every dollar generates interest every year and every period Future and Present Value Terminology  PV is the Present Value, that is, the value today.  FV is the Future Value, that is, the value at a future date.  Denotation:  The number of years between the Present ...

Lecture Organization  Present Value and Discounting  Perpetuity Time Value Terminology  “Time value of money" and "the money value of time"  A dollar today is worth more than a doll ar l ater“ WHY...? …Every dollar generates interest every year and every period Future and Present Value Terminology  PV is the Present Value, that is, the value today.  FV is the Future Value, that is, the value at a future date.  Denotation:  The number of years between the Present ...

Lecture Organization  Present Value and Discounting  Perpetuity Time Value Terminology  “Time value of money" and "the money value of time"  A dollar today is worth more than a doll ar later“ WHY...? …Every dollar generates interest every year and every period Future and Present Value Terminology  PV is the Present Value, that is, the value today.  FV is the Future Value, that is, the value at a future date.  Denotation:  The number of years between the Present V...