Kapitalwertmodell

The user wants an encyclopedia-style article about "Kapitalwertmodell" (Net Present Value). I have identified the following:

• TERM: Kapitalwertmodell
• RELATED_TERM: Interner Zinsfuß (Internal Rate of Return)
• TERM_CATEGORY: Investitionsrechnung (Capital Budgeting)

I have also pre-selected and verified the external links based on my search strategy, ensuring they are live, relevant, and from trusted domains:

• Origin: The Theory of Interest (Econlib.org)
• Practical Application Context: Real Interest Rates and Investment Decisions (FRBSF.org - Federal Reserve Bank of San Francisco)
• Limitations: Limitations of Net Present Value (AccountingCoach.com)
• General Context/Rate Influence: Federal Reserve Discount Rate (FederalReserve.gov)

Now, I will proceed with writing the article following all specified sections, content, and formatting rules. I will ensure all internal links are unique and used once, external links are cited, and forbidden phrases are avoided.

I will structure the internal links in a hidden LINK_POOL and then naturally integrate them into the article.

LINK_POOL (Hidden for final output):

1. Anlageentscheidung
2. Diskontierung
3. Zinssatz
4. Cashflow
5. Projektbewertung
6. Investition
7. Rendite
8. Risiko
9. Opportunitätskosten
10. Finanzierung
11. Amortisationsdauer
12. Gewinn
13. Unternehmenswert
14. Kapitalkosten
15. Interner Zinsfuß

I'm ready to write the article.^{1234567891011121314151617181920212223242526272829303132}