"Present value" is the current value of a future sum of money. A concept known as the "time value of money" asserts that a certain sum today is worth more than the same sum tomorrow. This partly comes ...

Near the end of 2016, the US Department of Treasury and the Internal Revenue Service (IRS) published two significant sets of proposed regulations on issues pertaining to defined benefit pension plans.

Rajyavardhan has a 10-year-old son who is very inquisitive about money. Wanting to test his son’s savviness, he showed his son a Rs 2000 note and gave him a choice: his son could either opt to take ...