1. What is the intuition behind the fact that the present value of a stream of cash flows is just the sum of the present values of each individual cash flow?
2. What must be true about a cash flow stream in order for us to be able to use the shortcut formulas?
3. What is the difference between an annuity and a perpetuity?
4. What are some examples of perpetuities?
5. How can a perpetuity have a finite value?
6. What are some examples of annuities?
7. What must be true about the growth rate in order for a growing perpetuity to have a finite value?
8. In what types of situations would it be useful to solve for the number of periods or the rate of return?