present value

简明释义

现值

英英释义

例句

1.The present value of a future cash flow can be calculated using a discount rate.

未来现金流的现值可以通过折现率计算得出。

2.A higher discount rate will reduce the present value of future cash flows.

较高的折现率将降低未来现金流的现值。

3.Investors often look at the present value of an investment to determine its worth today.

投资者通常会查看一项投资的现值以确定其今天的价值。

4.The formula for calculating present value involves the future amount and the interest rate.

计算现值的公式涉及未来金额和利率。

5.To make informed decisions, businesses calculate the present value of their projected earnings.

为了做出明智的决策，企业计算其预计收益的现值。

作文

In the world of finance, understanding the concept of present value is crucial for making informed investment decisions. The present value (PV) refers to the current worth of a sum of money or stream of cash flows that will be received in the future, discounted back to today’s terms. This concept is based on the principle of the time value of money, which states that a dollar today is worth more than a dollar in the future due to its potential earning capacity. To illustrate this concept, consider two scenarios: receiving $1,000 today or receiving that same amount one year from now. If you receive the $1,000 today, you could invest it and earn interest, thus increasing its value over time. Conversely, if you opt to receive the $1,000 a year later, you are missing out on the opportunity to earn interest during that period. Therefore, the present value helps investors determine how much future cash flows are worth in today's dollars, allowing them to make better financial decisions.The formula for calculating present value is quite simple: PV = FV / (1 + r)^n, where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods until the payment is received. By applying this formula, investors can assess whether an investment is worthwhile by comparing the present value of expected future cash flows to the initial investment cost.For example, suppose you expect to receive $5,000 in five years and the annual discount rate is 5%. Using the present value formula, you would calculate: PV = 5000 / (1 + 0.05)^5, which results in approximately $3,113.68. This means that if you were to invest $3,113.68 today at a 5% interest rate, it would grow to $5,000 in five years. Thus, the present value provides a clear guideline for evaluating the attractiveness of different investment opportunities.Furthermore, the concept of present value extends beyond individual investments. Businesses often use it to evaluate project profitability and capital budgeting decisions. By estimating the present value of future cash flows generated by a project, companies can determine whether the project is worth pursuing. If the present value of the cash inflows exceeds the initial investment, the project is likely to be profitable.In conclusion, mastering the concept of present value is essential for anyone involved in finance or investing. It allows individuals and businesses to make sound financial decisions by assessing the value of future cash flows in today’s terms. As the saying goes, "A bird in the hand is worth two in the bush," and the present value embodies this principle by emphasizing the importance of recognizing the value of money over time. Understanding and applying the present value concept can ultimately lead to better investment strategies and financial success.

在金融领域，理解现值的概念对做出明智的投资决策至关重要。现值（PV）是指一笔未来将收到的款项或现金流的当前价值，折现回今天的条件。这个概念基于货币时间价值的原则，即今天的一美元比未来的一美元更有价值，因为它具有潜在的收益能力。为了说明这一概念，可以考虑两种情况：今天收到1000美元或一年后收到同样的金额。如果你今天收到1000美元，你可以将其投资并赚取利息，从而随着时间的推移增加其价值。相反，如果你选择一年后收到1000美元，你就错过了在此期间赚取利息的机会。因此，现值帮助投资者确定未来现金流在今天的美元中值多少钱，从而使他们能够做出更好的财务决策。计算现值的公式相当简单：PV = FV / (1 + r)^n，其中PV是现值，FV是未来值，r是利率，n是收到付款的期数。通过应用这个公式，投资者可以通过比较预期未来现金流的现值与初始投资成本来评估投资是否值得。例如，假设你预计在五年内收到5000美元，而年折现率为5%。使用现值公式，你将计算：PV = 5000 / (1 + 0.05)^5，结果大约为3113.68美元。这意味着如果你今天以5%的利率投资3113.68美元，它将在五年后增长到5000美元。因此，现值为评估不同投资机会的吸引力提供了明确的指导。此外，现值的概念不仅限于个人投资。企业通常使用它来评估项目盈利能力和资本预算决策。通过估算项目产生的未来现金流的现值，公司可以确定该项目是否值得追求。如果现金流入的现值超过初始投资，该项目可能会盈利。总之，掌握现值的概念对任何参与金融或投资的人来说都是至关重要的。它使个人和企业能够通过评估未来现金流在今天的价值做出合理的财务决策。正如一句谚语所说：“手中的鸟胜过灌木丛中的两只鸟”，而现值体现了这一原则，强调认识货币随时间变化的价值的重要性。理解和应用现值的概念最终可以导致更好的投资策略和财务成功。