The time value of money (TVM) is a core financial principle also known as the present discounted value (PDV). It states that money today is worth more than the same amount in the future.

This course introduces students to accounting and finance operations and principles, and how they impact engineering and manufacturing activities in both analytical and forward looking planning ...

Thus, a sum of money today and the same sum in the future couldn’t have the same value. For Turgot, interest is the price given for the use of a certain quantity of value during a certain time. The ...

This course introduces students to accounting and finance operations and principles, and how they impact engineering and manufacturing activities in both analytical and forward looking planning ...