Interest - Amount of money paid/received in excess of amount borrowed/lent
Monetary Assest - Claim to receive a fixed amount of money
Compound Interest - Interest calculated on invested amount plus accumulated interest
Simple Interest - Computed by multiplying an invested amount by the interest rate
Annunity - A series of equal-sized cash flows
Present Value of a Single Amount - Amount of money required today that is equivalent to a given future
amount
Annuity Due - First cash flow occurs on the first day of the agreement
Future Value of a Single Amount - The amount of money that a dollar will grow to
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