What's it: Annuity is a way of payment or receipt periodically over a certain period. Various financial products use this concept, for example, insurance policies, pension fund benefits, and bank loan interest.For example, in insurance, you pay
Risk and Return
Present Value: Formulas, Examples, How to Calculate
The present value (PV) is the present discounted value of future cash flows. For assets, it is the present discounted value of future net cash inflows that an asset is expected to produce. For liabilities, it represents the present discounted value