Answer to Question 1
Answer: The TVM equation makes the fundamental point that money flows over time cannot simply be added or subtracted. That is why money flows need to be discounted or compounded to one point in time, whether the flows are lump sums or annuities. Discounting or compounding can be done mathematically or with a TVM table, financial calculator, or spreadsheet. The TVM equation is important because it is used in almost every financial applicationfor example, loans, the pricing of financial and real assets, assessing firm projects, savings plans, and retirement plans.
Answer to Question 2
B
Some scholars regard Walt Whitman as a poet of nature, and others, a poet of the body—a reference to
How to transform any rectangular equation to polar form
How to find the equation of a line that is perpendicular to a line passing through a point
The Nature of Environmental Science: A fireman battles with a forest fire
How many hydrogen ions (H+) are present and on what side of the chemical equation?
Photosynthesis Equation