Half note Half note In music, a half note (American) or minim (British) is a note played for half the duration of a whole note (or semibreve) and twice the duration of a quarter note (or crotchet). It was given its Latin name ("minima", meaning "least or smallest") because it was the shortest of the five note values used in early medieval music notation . In time signatures with 4 as the bottom number, such as or , the half note is two beats long. However, when 2 is the bottom number (including "alla breve", ), the half note is one beat
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