Difference between revisions of "Present value of annuities"
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| − | [[Present value of annuities]] (also known by its acronym, [[PVA]], and PVA<small> | + | [[Present value of annuities]] (also known by its acronym, [[PVA]], and PVA<small>N</small>) is the value today of a future stream of N equal payments at the end of each period (an ordinary annuity). |
==Definitions== | ==Definitions== | ||
According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
| − | :[[Present value of annuities|PVA]], ''PVA<small> | + | :[[Present value of annuities|PVA]], ''PVA<small>N</small>''. The value today of a future stream of N equal payments at the end of each period (an ordinary annuity). |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 21:31, 28 October 2019
Present value of annuities (also known by its acronym, PVA, and PVAN) is the value today of a future stream of N equal payments at the end of each period (an ordinary annuity).
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- PVA, PVAN. The value today of a future stream of N equal payments at the end of each period (an ordinary annuity).
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
