1. The concept that money received today is worth more than the same amount received at a later date is known as the .

2. The interest forgone on money that cannot be invested now because it will not be received until some time in the future is known as the .

3. Discounted cash flow techniques convert future net cash flows into .

4. The sum of the discounted net cash flows less the initial capital invested is known as the

5. The interest rate at which the sum of the discounted net cash flows is equal to the initial capital invested is known as the .