When Discussing Time-Value-Of-Money It Is Necessary to Understand Some Key

Multiple Choice

When discussing time-value-of-money it is necessary to understand some key terminology. Which of the following terms refers to a fixed amount of money paid or received at the end of every recurring period (i.e. a series of equal lump sums) ?

A) Future value
B) Present value
C) Ordinary annuity
D) Annuity due