= C × (1+R)T
What is Future Value?
Valuation approach that calculates the present value of a future cash flow to determine the value today.
What is discounted cash flow (DCF) valuation?
The amount of time it takes for an investment or project to recover its initial cost (through the cash flows that are generated).
What is payback period?
The is the annual rate quoted for car loans, which is lower than the effect annual rate.
What is annual percentage rate (APR)?
The discount rate that sets NPV = 0.
What is the internal rate of return?
The current value of future cash flows discounted at the appropriate discount rate
What is Present Value
What is earnings before interest, taxes, depreciation & amortization?
( C / R ) × [ 1 - (1+R)-T ]
What is the annuity formula?
These financial markets function as markets for debt and equity.
What are Primary and Secondary Markets?
This accounts for next-best-alternative return that investors could obtain if the didn't invest in a particular firm.
What is the opportunity cost of capital?
This explains why we subtract depreciation before we calculate taxes, and then add depreciation back.