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In Constructing Your Own Image of the Future of World

question 8

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In constructing your own image of the future of world affairs, it is important to begin by


Definitions:

Face Value

The nominal value printed on a financial instrument like a bond or stock certificate, not necessarily its market value.

Interest Rate

The interest rate is the proportion, typically expressed as a percentage, at which interest is paid by borrowers for the use of money that they borrow from a lender.

Present Discounted Value

The immediate value of a forthcoming sum of money or cash flow streams, discounted at a specific rate of return.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the return on invested capital.

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