web3/concepts/present-value.md

Present Value

In quantitative finance, the present value of a financial asset is the expected income stream determined as of the date of valuation.

See also terminal value.

References

1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
2. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.