Write the equation for Net-Present-Worth Criterion?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.2: Investing: Taking Risks With Your Savings
Problem 4R
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Write the equation for Net-Present-Worth Criterion?

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Net present worth is the difference of the present worth of all cash inflows and the present worth of the cash outflows for a given period of time. It tells whether an investment on a project will be beneficial or not.

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