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But even if Reyes's season is discounted using Perry's more aggressive estimate for the extra effort put in by players in their contract years, his numbers still look remarkable.
To account for the rapid evolution of technology, the cost of the product license is discounted using a 3% interest for 5 years.
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Future rents should therefore be discounted using real interest rates, not nominal rates.
But future rental income should be discounted using real interest rates not nominal rates, which are low only because inflation is too.
In accounting terms, future pension liabilities are discounted using a corporate bond yield so that a higher bond weighting reduces the volatility of a scheme's funding ratio.
The standard answer is easy: the income must be discounted (using the rate of return on a safe alternative investment) so that it can be measured against the costs.
The Congressional Budget Office reckons that if ExIm's future revenue were discounted using the interest rate paid by the Treasury (the bank's main source of funding), it would make a profit of $14 billion over the next decade.
In intensive care, pseudothrombocytopenia should be discounted using in vitro agglutination of platelets, by preparing a blood film, or, if necessary, using a blood sample collected in a citrate tube (strong agreement).
The government's accountants define the cost of a student loan as the cash going out minus the projected repayments, the repayments being discounted using a complicated blend of rates on U.S. Treasury securities.
These payouts over their lifetimes are discounted using the (intermediate cost) real interest rate reported by the OASDI Trustees Report of 2.9percenttotobtainin Social Security wealth measures in 2006 and in 2010 (http://www.ssa.gov/oact/tr/TR06/trTOC.html).ssa.gov/oact/tr/TR06/trTOC.html
If future liabilities are discounted using the expected return on pension fund assets, the cumulative shortfall is roughly $1 trillion, according to the Pew Charitable Trust.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com