Question: Description 1. A dollar now is worth more than a dollar later.. 2. Cash payments of equal amounts over time periods of equal length. 3.

Description 1. A dollar now is worth more than a dollar later.. 2. Cash payments of equal amounts over time periods of equal length. 3. Accumulation of a series of equal payments. 4. Interest earned on the initial investment and on previous interest. 5. Accumulation of an amount with interest. Terms Time value of money Annuity Present value of an annuity Compound interest Future value of a single amount

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