The article was reviewed, fact-checked and edited by our editorial staff. The time value of money means that money is worth ...

Frey, Sherwood C. "Cash Flow and the Time Value of Money." Harvard Business School Background Note 177-012, August 1976. (Revised October 1976.) ...

NPV calculates profitability by considering all cash flows and the time value of money. A positive NPV indicates a potentially profitable investment opportunity. NPV's effectiveness relies on ...