Define each of the following terms: a. PV; I; INT; FVN; PVAN; FVAN; PMT; M; INOM b.
Question:
Define each of the following terms:
a. PV; I; INT; FVN; PVAN; FVAN; PMT; M; INOM
b. Opportunity cost rate
c. Annuity; lump-sum payment; cash flow; uneven cash flow stream
d. Ordinary (or deferred) annuity; annuity due
e. Perpetuity; consol
f. Outflow; inflow; time line; terminal value
g. Compounding; discounting
h. Annual, semiannual, quarterly, monthly, and daily compounding
i. Effective annual rate (EAR or EFF%); nominal (quoted) interest rate; APR;periodic rate
j. Amortization schedule; principal versus interest component of a payment;amortized loan
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a PV Present Value is the current worth of a sum of money to be received or paid in the future discounted at a specific rate I Interest is the cost of borrowing money or the return on investment often ...View the full answer
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Related Book For 
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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