Examlex
What are the advantages for employers of claiming that someone doing work for them is an independent contractor rather than an employee?
Present Value
The current value of a future sum of money or stream of cash flow given a specified rate of return.
Future Value
The value of an investment or a sum of money projected at a future date, calculated by applying interest or growth rates to the present value.
Time Value
The theory that a sum of money is more valuable if it's available immediately, rather than the same amount in the future, because of its earning capabilities.
Interest Rate
The percentage of a loan amount charged by the lender to the borrower for the use of money, typically expressed on an annual basis.
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