Define the following
1. Perpetuity; consol
2. Outflow; inflow; time line; terminal value
3. Compounding; discounting h. Annual, semiannual, quarterly, monthly, and daily compounding
4. Effective annual rate (EAR or EFF%); nominal (quoted) interest rate; APR; periodic rate
5. Amortization schedule; principal versus interest component of a payment; amortized loan What is an opportunity cost rate