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. rate
c. lump sum payment; cash flow; uneven cash flow stream
d. Ordinary (deferred) due
e. Perpetuity; consol
f. Outflow; inflow; time line; terminal value
g. discounting
h. Annual, semiannual, quarterly, monthly, and daily
i. Effective annual rate (EAR); nominal (quoted) interest rate; APR; periodic rate]
j. Amortization schedule; principal versus interest component of a payment; amortized loan? Annuity
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