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Define each of the following terms:
a. PV; i; INT; FVn; PVAn; FVAn; PMT; m; iNom
b. FVIFi,n; PVIFi,n; FVIFAi,n; PVIFAi,n
c. Opportunity cost rate
d. Annuity; lump sum payment; cash flow; uneven cash flow stream
e. Ordinary (deferred) annuity; annuity due
f. Perpetuity; consol
g. Outflow; inflow; time line; terminal value
h. Compounding; discounting
i. Annual, semiannual, quarterly, monthly, and daily compounding
j. Effective annual rate (EAR); nominal (quoted) interest rate; APR; periodic rate
k. Amortization schedule; principal versus interest component of a payment; amortized loan

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