Mark Is Able to See the Consequences of Deciding to Put

question 54

Multiple Choice

Mark is able to see the consequences of deciding to put off studying for his psychology exam.With regard to time management,Mark is

• A)present oriented.
• B)future oriented.
• C)unrealistic.
• D)more likely to procrastinate.

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Definitions:

Future Value

The estimated amount that an investment will grow to over a period of time at a specified rate of interest.

Compounded Annually

Refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods, calculated once per year.

Future Value

The estimated value of an investment or loan including interest or dividends, at a specific future date.

Ordinary Annuity

A series of matching financial discharges made at interval ends throughout a fixed term.