NISM 10A Investment Adviser Level 1 Notes

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  • Rate Sensitivity: Small changes in interest rates significantly affect present and future values over long periods.
  • Excel Functions: Tools like PV, FV, and PMT in Excel simplify time value calculations.
  • Investment Decisions: Time value principles guide choices between immediate and delayed cash flows.
  • Inflation Adjustment: Future cash flows must account for inflation to reflect real purchasing power.
  • Risk Consideration: Higher risk investments require higher discount rates to reflect uncertainty.

NISM 10A NISM Investment Adviser Level 1

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