Simple, intuitive introduction to the usually-difficult topics and present value discounting. While the mechanics of the calculation of the present value and internal rate of return is well covered, the focus is more on how to think about these concepts (eg, earlier is better to receive cash flows). Using concrete examples, it promotes understanding of how the various considerations affect the present value (for example, the discount rate increases, the impact of cash flows on a disproportionate decrease in time). "Hide
by John S. Hammond 10 pages. Publication Date: August 1, 1972. Prod. #: 173003-PDF-ENG