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Listed Below Are Ten Terms Followed by a List of Phrases

Question 69

Matching

Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms.
Match each phrase with the best term placing the letter designating the term in the space provided.

Premises:
Accumulation of an amount with interest.
Interest earned on the initial investment and on previous interest.
A series of equal periodic payments.
Accumulation of a series of equal payments.
A dollar now is worth more than a dollar later.
Responses:
Future value of an annuity
Discount rate
Time value of money
Compound interest
Present value of a single amount
Present value of an annuity
Future value of a single amount
Annuity
Simple interest

Correct Answer:

Future value of an annuity
Discount rate
Time value of money
Compound interest
Present value of a single amount
Present value of an annuity
Future value of a single amount
Annuity
Simple interest
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