Define each of the following terms:
PV; I; INT; FVN; PVAN; FVAN; PMT; M; INOM
Opportunity cost rate
Annuity; lump-sum payment; cash flow; uneven cash flow stream
Ordinary (or deferred) annuity; annuity due
Perpetuity; consol
Outflow; inflow; time line; terminal value
Compounding; discounting
Annual, semiannual, quarterly, monthly, and daily compounding
Effective annual rate (EAR or EFF%); nominal (quoted) interest rate; APR; periodic rate
Amortization schedule; principal versus interest component of a payment; amortized loan
