Whole note rest may also be used in music of free rhythm, such as Anglican chant, to denote a whole measure. A whole note (American) or semibreve (British) is a musical note represented by a hollow oval note head—like a half note (or "minim")—and no note stem (see Figure 1). Its length is equal to four beats in time, that is the whole measure (or bar). Most other notes are fractions of the whole note. Half notes last for one half the duration of the whole note, quarter notes (or "crotchets") last for one quarter the duration, and a double whole note
Time value of money is to emphasize that "u" is a "parameter" (fixed in any instance—the time when the cash flow will occur), while "t" is a "variable" (time). In other words, future cash flows are exponentially discounted (exp) by the sum (integral, formula_44) of the future discount rates (formula_45 for future, "r"("v") for discount rates), while past cash flows are worth 0 (formula_46), because they have already occurred. Note that the value "at" the moment of a cash flow is not well-defined – there is a discontinuity at that point, and one can use a convention (assume cash flows have already occurred, or