Answer:
Compounding – The process of determining the value of a cash flow or series of cash flows at some point in the future when compound interest is applied.
Discounting – The process of finding the present value of a cash flow or series of cash flows; the reverse of compounding.
Time Line – A graphical representation used to show the timing of cash flows. If not otherwise stated, assume that the cash flow(s) occur at the end
Explanation: