Shared Flashcard Set

Details

Title

CH 14

Description

Time, Opportunity Cost, & Value Decisions

Total Cards

Subject

Finance

Level

Undergraduate 3

Created

07/29/2011

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Additional Finance Flashcards

Term

risk

Definition

possibility that actual outcomes will vary from what was expected when the asset was purchased

Term

time-value-of-money (TVM)

Definition

calculating & comparing costs

Term

discounting

Definition

-adjustment required when money depreciates over time
-calculation of PV

Term

ordinary annuity (A)

Definition

fixed amt of money paid/received @ the end of every per(i.e. series of = lump sums)

Term

compounding

Definition

calculation of FV