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21.什么是资金的时间价值?对企业决策有何实际意义? 随着时间而变化的资金价值叫做资金的时间价值。它有两种表现形式,即现值和将来值。如把100元存入银行,假定利息率为6%,一年后可得106元。这里100元为现值,106元为将来值。资金的现值和将来值可按照复利的原理互相换算。即: 将来值=现值×(1+年利率)年数现值=将来值/(1+年利率)年数资金的时间价值是一个很重要的概念,
21. What is the time value of money? What is the practical significance to corporate decision-making? The value of funds that changes over time is called the time value of money. It has two manifestations, present value and future value. If 100 yuan is deposited into the bank, it is assumed that the interest rate is 6%, and 106 yuan will be obtained after one year. Here 100 is the present value and 106 is the future value. The present value and future value of funds can be converted to each other on the principle of compound interest. That is: Future Value = Present Value × (1 + annual interest rate) Year Present Value = future value / (1 + annual interest rate) years The time value of money is an important concept,