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You are running the water for your bath and place your hand under the faucet to "feel" and adjust the temperature of the water. The temperature of the water registers in which brain area?
Future Value
The value of an investment or a sum of money projected at a future date, calculated by applying interest or growth rates to the present value.
Time Value
The theory that a sum of money is more valuable if it's available immediately, rather than the same amount in the future, because of its earning capabilities.
Interest Rate
The percentage of a loan amount charged by the lender to the borrower for the use of money, typically expressed on an annual basis.
Present Values
This concept calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.
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