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Canada (510,872)
York University (35,470)
ADMS 3530 (82)
Lecture

Lecture3. Time value of money.docx

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Department
Administrative Studies
Course
ADMS 3530
Professor
Irvin Pestano
Semester
Summer

Description
TIME VALUE OF MONEY Ordinary Annuity [ { } ] PVA= FVA = C (FVIFA r, t) = For a high purchasing power, the real rate of interest needs to be greater than zero. The fishers equation: Real rate = [ ] Rules ( MUST BE FOLLOWED): 1. Compound/ discount nominal cash-
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