If a Few Intermediate Cash Flows in Valuing a Stream

question 16

Essay

If a few intermediate cash flows in valuing a stream of cash flows are zero can we delete those points on the timeline and squeeze the timeline to show only nonzero cash flows?

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Definitions:

Produces Heat

A process or object that generates thermal energy.

Direct Observation

A method of gathering data by watching behavior or phenomenon in its natural setting without manipulation or control by the observer.

Raining

The precipitation of water from clouds in the form of water droplets.

Inner Life

Refers to a person's internal emotional, spiritual, or intellectual world and experiences.