Series 66 Tips - Discounting Cash Flows

There are three places on the Series 66 Outline where discounted cash flows are relevant. First, in economic factors & business information with NPV and IRR. Second, in investment vehicles with valuation factors of fixed income securities. Third, in investment vehicles under equities - dividend discount and discounted cash flows. I know that this subject can be challenging for people. It can be challenging for some people to learn this topic from a book.