Question
Define each of the following terms:a. PV; I; INT; FV N ; PVA N ; FVA N ; PMT; M; I NOM b. Opportunity cost
Define each of the following terms:a. PV; I; INT; FV N ; PVA N ; FVA N ; PMT; M; I NOM b. Opportunity cost ratec. Annuity; lump-sum payment; cash flow; uneven cash flow streamd. Ordinary (or deferred) annuity; annuity duee. Perpetuity; consolf. Outflow; inflow; time line; terminal valueg. Compounding; discountingh. Annual, semiannual, quarterly, monthly, and daily compoundingi. 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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