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Time Value of Money

Time Value of Money

"The principal amount that money receive in the present is worth more than the same type as before amount received in the future."
- Mr. Benton


"The value of money refers to the fact that the same money return has a higher present value if it is to be received yearly than it is to be received later."
- E. A. Kolb

"Thar the value of a same of money received today is more than its value received after sometime."
- M. Y. Khan & Jain

Concept of Future Value:

"Future value is the value at some future time of a present amount of money or a series of payments, evaluated at a given rate."
- J. C. Van Horne and J. M. Wachowicz J. R.

"The future value of a present amount is found by applying compound interest over a specified period of time."
- L. J. Gitman

Annuity:

"An annuity is a stream of equal annual cash flows. It involves calculations based upon the regular periodic contribution or receipt of a fixed sum of money."
- Khan and Jain

"An annuity is a series of equal payments made at fixed intervals for a specified number of period."
- Basely and Brizham

"A annuity is a stream of equal cash flow. This cash-flows can be inflows of returns earned on investments or outflows of funds invested to earn future returns."
- L. J. Gitman

"An annuity is a series of equal payments or receipts occurring over a specified number of periods. In an ordinary annuity payments or receipts occur at the end of cash period."
- James C. Van Horne and John M Wachowicz JR.

Annuity Due:

"Annuity due calls foa series of equal payments occuring at the beginning of each period."
- J. C. Van Horne and J. M. Wachowicz

"An Annuity whose payments occurs at the beginning of each period is called an annuity due."
- Basely and Brizham

Perpetuity:

"A perpetuity is an ordinary annuity where payment or receipts continue forever."
- Van Horne and Wachowicz

" A perpetuity is an annuity with an infinite life in other words, and annuity that never stops providing its holder with a cash flow at the end of each year."
- L. G. Gitman

Present Value:

"The current value of a future amount of money, or a series of payments, evaluated at a given interest rate is called the present value of money."
- James C. Van Horne

"Present value is the current worth of a future monetary unit discount at the appropriate interest rate."
- Botten an Conn

"Present value is the value of money at a present date that will paid or receive in future period."
- Schall and Haley

Present value of perpetuity:

"A perpetuity is an ordinary annuity whose payments or receipts continue forever."
- Van Horne

"An annuity that goes on for ever is called a perpetuity."
- M. Y. Khan and Jain

Amortization:

"The provision for the gradual extinction of a debt by means of a sinking fund is called amortization."
- Dictionary of Economics and Commerce

"The setting aside of money at intervals for the gradual payment of a debt is called amortization"
- John J. Hampton

"Amortize means to pay back a debt by making small regular payments over a period of time."
- Oxford Dictionary

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