Accounting Term of the Day: Present value (PV)
Accounting Term of the Day: Present value (PV)
Present value (PV) definition: The current value of a future sum of money based on a specific rate of return. Present value helps us understand how receiving $100 now is worth more than receiving $100 a year from now, as money in hand now has the ability to be invested at a higher rate of return. We send out a new terms every morning during the workday. Be sure to click on the (Schedule Classes…
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