Renaissance music Nova (see Medieval music), there could be either two or three of these for each breve (a double-whole note), which may be looked on as equivalent to the modern "measure," though it was itself a note value and a measure is not. The situation can be considered this way: it is the same as the rule by which in modern music a quarter-note may equal either two eighth-notes or three, which would be written as a "triplet." By the same reckoning, there could be two or three of the next smallest note, the "minim," (equivalent to the modern "half note")
Time value of money at future time "n": Summing over all payments from time 1 to time n, then reversing t Note that this is a geometric series, with the initial value being "a" = "C", the multiplicative factor being 1 + "i", with "n" terms. Applying the formula for geometric series, we get The present value of the annuity (PVA) is obtained by simply dividing by formula_19: Another simple and intuitive way to derive the future value of an annuity is to consider an endowment, whose interest is paid as the annuity, and whose principal remains constant. The principal of this hypothetical endowment