1. Given appropriate data, be able to manipulate and analyze time value of money scenarios.
   1. What is Time Value of Money?
   2. How do you compute PRESENT VALUE?
   3. How do you compute FUTURE VALUE?
   4. What is an ANNUITY?
   5. What is a PERPETUITY?
   6. What three factors are associated with valuing cash flow?
   7. What is the cost of capital?
   8. What is DISCOUNTING?
   9. What is COMPOUNDING?

2. Articulate and understand fundamental valuation principles.
3. When valuing any asset what three things must you know about the cash flows? Answer Risk of cash flows (interest rate); size of cash flows (payment, present value, future value); and timing of cash flows (number of periods).