公司理財課件英文版(ppt 25)

一、Net Present Value
二、Project Valuation in a Riskless WorldFisher’s Principle
三、Present Value and Compounding
四、Present Value with Special Cash Flows(RWJ Ch 3, 4)

Suppose an investment that promises to pay $10,000 in one year is offered for sale for $9,500. Your interest rate is 5%. Should you buy?
If you were to be promised $10,000 due in one year when interest rates are at 5-percent, your investment be worth $9,523.81 in today’s dollars.

..............................