Difference between revisions of "Time value of money"
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| − | [[ | + | [[Time value of money]] is the cost of having to wait for repayment. |
==Definitions== | ==Definitions== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| − | [[Time value of money]]. The cost of having to wait for repayment. | + | :[[Time value of money]]. The cost of having to wait for repayment. |
| + | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
| + | :[[Time value of money]]. Takes into account that a dollar (or any other monetary unit) received today is worth more than a dollar received at any future time. | ||
| − | [[Category: Economics]][[Category: Articles]] | + | [[Category: Economics]][[Category: Articles]][[Category: Accounting]] |
Latest revision as of 14:51, 11 July 2020
Time value of money is the cost of having to wait for repayment.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Time value of money. The cost of having to wait for repayment.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Time value of money. Takes into account that a dollar (or any other monetary unit) received today is worth more than a dollar received at any future time.
