what is discounting technique and its eg
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Present value is the reciprocal of compound value. Today's value of a rupee receivable at any future date is known as present value of money. ... Hence present value is ascertained by subtracting discounts from the nominal money of future date. The techniqueused to calculate present value of money is known as discounting
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Explanation:
Present value is the reciprocal of compound value. Today's value of a rupee receivable at any future date is known as present value of money. ... Hence present value is ascertained by subtracting discounts from the nominal money of future date. The technique used to calculate present value of money is known as discounting
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