Key Terms
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compounding, p. 61
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compound interest, p. 56
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discounting, p. 61
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discount rate, p. 61
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future value (FV), p. 55
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future value interest factor (FVIF), p. 57
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growth rate, p. 57
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lump-sum payment, p. 55
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present value (PV), p. 61
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present value interest factor (PVIF), p. 61
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Rule of 72, p. 71
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time line, p. 63
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time value of money (TVM), p. 55
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