- CFA Exams
- 2022 Level I
- Study Session 1. Quantitative Methods (1)
- Reading 1. The Time Value of Money

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##### Learning Outcome Statements PDF Download

1. The Time Value of Money and Interest Ratesa. interpret interest rates as required rates of return, discount rates, or opportunity costs;
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2. Calculate the Effective Annual Ratec. calculate and interpret the effective annual rate, given the stated annual interest rate and the frequency of compounding; | |

3. The Future Value and Present Value of a Single Cash Flowd. calculate the solution for time value of money problems with different frequencies of compounding; | |

4. The Future Value and Present Value of a Series of Equal Cash Flows (Ordinary Annuities, Annuity Dues, and Perpetuities)e. calculate and interpret the future value (FV) and present value (PV) of a single sum of money, an ordinary annuity, an annuity due, a perpetuity (PV only), and a series of unequal cash flows; | |

5. The Future Value and Present Value of a Series of Uneven Cash Flowse. calculate and interpret the future value (FV) and present value (PV) of a single sum of money, an ordinary annuity, an annuity due, a perpetuity (PV only), and a series of unequal cash flows; | |

6. The Cash Flow Additivity Principlef. demonstrate the use of a time line in modeling and solving time value of money problems. |

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