Brian Williams Has a Piece of Paper That He Gives

question 72

Multiple Choice

Brian Williams has a piece of paper that he gives to the cashier when he purchases a grocery item that saves him a dollar off the cost of that item.What is he most likely using?

• A)Coupon
• B)Rebate
• C)Warranty
• D)Receipt
• E)Promissory note

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Definitions:

Compounded Semiannually

Refers to the process of calculating interest on both the initial principal and the accumulated interest over two periods within a year.

Withdraw Every Six Months

A financial term that refers to the process of taking money out of an account or investment at semiannual intervals.

Investment Account

An account that holds financial assets such as stocks, bonds, mutual funds, or other investments managed by a financial institution or individual.

Present Values

Present Values represent the current value of a future sum of money or stream of cash flows given a specified rate of return.