Unformatted text preview: procedures. A further distinction of series problems that can be made is whether it involves a series with fixed payment size commonly referred to as uniform series problems or whether the series payment size is growing or declining through time. Finally, the decision variable or item whose value is being sought in the problem must be established. The collection of time value of money techniques can be used to solve for present values, future values, the payment size in a series, the interest rate or yield, or the length of time involved in a decision. Resource: Ross, S. A., Westerfield, R. W., Jaffe, J. F., & Jordan, B. D. (2011). Corporate finance: Core principles and applications (3rd ed.). New York, NY: McGraw-Hill....
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- Winter '13
- Time Value Of Money, payment size