Download This PaperTime Value of Money
7 Pages Posted: 18 Dec 2014
Date Written: December 17, 2014
Abstract
The concept of the time value of money is important to actuarial science, and to other areas of the economic world. Actuaries use this concept, together with the concept of random variability, in the calculation of actuarial present values. Present values allow actuaries to make judgments as to actuarial equivalence, and other matters important to the profession.
Keywords: Present value, future value, actualisation, money
Suggested Citation: Suggested Citation
Mpakaniye, Dr. Jean Paul, Time Value of Money (December 17, 2014). Available at SSRN: https://ssrn.com/abstract=2539519 or http://dx.doi.org/10.2139/ssrn.2539519
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