英语翻译On what information should we focus?Concept:Theeconomic
英语翻译
On what information should we focus?
Concept:
Theeconomic value of a payment stream on a particular date (focal date) refers to a singleamount that is an economic substitute forthe payment stream.
Therefore,weneed to choose a focal date,and determine the values of the two offers at thatfocal date.(Obvious choices would be today,the date of the offers,or the end of the term i.e.5 yearsfrom now.)