12.4 Math of Finance

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Pre-Calculus

Series

Finance

Time Value Money

TVM

Last updated 5:31 PM on 8/4/22
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3 Terms

1
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Annuity
Sum of money that is paid in regular equal payments
2
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Amount of an annuity
The sum of all the individual payment from the first to last payment, together with interest
3
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Present value
The current value of future payments from an annuity, given a specified rate of return