Maxima (music) notation for examples. The name for this note in European languages is derived from two of the three Latin names, either "maxima" or "larga". (On "larga" as a term, see , 30–31 : "Nomina vero ipsarum sunt haec, scilicet larga, longa, brevis, semibrevis et minima".) In modern theoretical contexts, it is occasionally called an octuple note (; ; ) or an octuple whole note . Maxima (music) A maxima, duplex longa, larga (in British usage: large), octuple note, octuple whole note, or octuple entire musical note was a musical note used commonly in thirteenth and fourteenth century music and occasionally
Time value of money formula with varying interest rates. Time value of money The time value of money is the greater benefit of receiving money now rather than later. It is founded on time preference. The time value of money explains why interest is paid or earned: Interest, whether it is on a bank deposit or debt, compensates the depositor or lender for the time value of money. It also underlies investment. Investors are willing to forgo spending their money now only if they expect a favorable return on their investment in the future, such that the increased value to be available later is