Define each of the following terms: a. PV; I; INT; FVN; PVAN; FVAN; PMT; M; INOM b.

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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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Financial management theory and practice

ISBN: 978-1439078099

13th edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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