Value of money

An understanding of the time value of money is a critical contributing factor to successful investment and financing decisions. explaining the time value of money concept and its relationship to business and management as well as personal life.

The paper should also include discussion on:

Differences between present value and future value.

Differences between present value of ordinary annuity and present value of annuity due.

How the time value of money can be used by management to maximize return and reduce risk.