Publisher's Synopsis
A comprehensive treatment of the foundations of present value analysis and its many applications. It establishes the basic principles and procedures for using present value models and demonstrates how present value models can enhance long-term decision making, value durable assets, determine investment utilization strategies, account for risks, and understand liquidity relationships over time. It also assists students and professionals in applying consistently present value models and investment analysis, in a wide range of' applications, including business decisions, research valuations, project analysis, management of natural resources, financial analysis, and others.It is designed for advanced undergraduate students, graduate students, and professionals who have introductory experience with present value concepts, economics, and finance.
