present value tables
present value tablestables which are used in INVESTMENT APPRAISAL undertaken by means of DISCOUNTED CASH FLOW. The tables show how much we need to invest now, at a certain rate of interest and for a particular period of time, to produce £1. For example, the tables show that if we want to produce £1 in 5 years' time at 10%, we will need to invest £0.621 now. Alternatively, the tables show that £1 receivable in 5 years' time, taking into account a rate of interest 10%, will be worth only 62p (that is, £0.621).
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson