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Time Value of Money, or What Is the Real Financial Value of an Opportunity?

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The Business Basics of Building and Managing a Healthcare Practice

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Abstract

The time value of money is the most fundamental concept in business and attests that money is worth more in the present than in the future as current money can be used immediately to fund opportunities that may not be available in the future. Additionally, because money earns interest, and because interest compounds over time, the present value of money is greater than the future value. This chapter will discuss the time value of money as it applies to financing a medical education.

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References

  1. Malkiel BJ, Ellis CD. The elements of investing: easy lessons for every investor. Hoboken: Wiley; 2013.

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  2. Kahn MJ, Nelling EF. Estimating the value of medical education: a net present value approach. Teach Learn Med. 2010;22:205–8.

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Author information

Authors and Affiliations

  1. Department of Medicine, Office of Admissions and Student Affairs, Tulane University School of Medicine, New Orleans, LA, USA

    Marc J. Kahn

  2. Tulane University School of Medicine, New Orleans, LA, USA

    Neil Baum

Authors
  1. Marc J. Kahn
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  2. Neil Baum
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Correspondence to Marc J. Kahn .

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Editors and Affiliations

  1. Tulane University School of Medicine, New Orleans, LA, USA

    Neil Baum

  2. Tulane University School of Medicine, New Orleans, LA, USA

    Marc J. Kahn

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Kahn, M.J., Baum, N. (2020). Time Value of Money, or What Is the Real Financial Value of an Opportunity?. In: Baum, N., Kahn, M. (eds) The Business Basics of Building and Managing a Healthcare Practice. Springer, Cham. https://doi.org/10.1007/978-3-030-27776-5_2

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  • DOI: https://doi.org/10.1007/978-3-030-27776-5_2

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-27775-8

  • Online ISBN: 978-3-030-27776-5

  • eBook Packages: MedicineMedicine (R0)

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