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 can be computed as that whose interest equals the annuity payment amount: Note that no money enters or leaves the combined system of endowment principal + accumulated annuity payments, and thus the future value of this system can be computed simply via the future value formula: Initially, before any payments, the present value of the system is just the endowment principal (formula_24). At the end, the future value is the endowment principal (which is the same) plus the future value of the total annuity payments (formula_25). Plugging this back into the equation: Without showing the formal derivation here, the perpetuity