Examlex
If a firm has implicit costs as well as explicit costs
Interest Rate
The percentage of a sum of money charged for its use, reflecting the cost of credit or the return on investment.
Rule of 70
A simple way to estimate the number of years it will take for an investment to double in size, calculated by dividing 70 by the annual rate of growth.
Interest
The cost of borrowing money, expressed as a percentage, paid by the borrower to the lender for the use of the lender's money.
Present Value
Today's value of a future monetary amount or cash flow series, calculated with a designated rate of return.
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