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5 Cards in this Set
- Front
- Back
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the most elementary relationship at the root of the formulas
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compound interest
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when determining how much should be paid today for an investment that is expected to produce income in the future, we must apply an adjustment called -------------to income recieved in the future to reflect the time value of money
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discounting
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a series of deposits or payments is defined as an
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annuity
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the sum of all deposits. P, compounded at an annual rate, i, for n years,
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future value of an annuity
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series of annual income receipts the investment produces over time.
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present value of an annuity
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