All I have to say with this entry is: Why do certain professions (law, accounting, etc.) have to say simple things in an overly-complicated and stupid way? Seriously. Present value is a concept that is made way too hard by making it sound ridiculous. It’s as simple as, “The current value of a certain amount of future money.” Or, stated easily, “What is $100 a year from now worth at the current time?”
Why do they make things so difficult? Is this just a perverse and sick pleasure from the people who advance the field? Or just a cruel trick to play on accounting students before they graduate?