Net present valueThe net present value (NPV) or net present worth (NPW) applies to a series of cash flows occurring at different times. The present value of a cash flow depends on the interval of time between now and the cash flow. It also depends on the discount rate. NPV accounts for the time value of money. It provides a method for evaluating and comparing capital projects or financial products with cash flows spread over time, as in loans, investments, payouts from insurance contracts plus many other applications.
Context awarenessContext awareness refers, in information and communication technologies, to a capability to take into account the situation of entities, which may be users or devices, but are not limited to those. Location is only the most obvious element of this situation. Narrowly defined for mobile devices, context awareness does thus generalize location awareness. Whereas location may determine how certain processes around a contributing device operate, context may be applied more flexibly with mobile users, especially with users of smart phones.
Fermat's little theoremFermat's little theorem states that if p is a prime number, then for any integer a, the number is an integer multiple of p. In the notation of modular arithmetic, this is expressed as For example, if a = 2 and p = 7, then 27 = 128, and 128 − 2 = 126 = 7 × 18 is an integer multiple of 7. If a is not divisible by p, that is if a is coprime to p, Fermat's little theorem is equivalent to the statement that ap − 1 − 1 is an integer multiple of p, or in symbols: For example, if a = 2 and p = 7, then 26 = 64, and 64 − 1 = 63 = 7 × 9 is thus a multiple of 7.
