### Formula

C

amount of money

Ct

present value

t

number of years

i

interest rate per year

C

amount of money

Ct

present value

t

number of years

i

interest rate per year

Present value, also known as present discounted value, is the value on a given date of a future payment or series of future payments, discounted to reflect the time value of money and other factors such as investment risk. Present value calculations are widely used in business and economics to provide a means to compare cash flows at different times on a meaningful "like to like" basis.

Ct

t

i

C

Precision

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