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time value of money characteristics
money has earning power, inflation, uncertainity, and time prefrence
value of cash flow in future vs current value to be recorded in future
compounding, discounting
at the end of year 3, one year from today (were year 2), and beginning of year 4 are all
the same year/watch for wording
for i
dont forget to multiply by 100 or divide by m
annuity
constant stream of identical cash flows over a certain # of periods, occurring at the end of each period