Future Value Calculations Involve

question 83

Multiple Choice

Future value calculations involve:

• A)discounting.
• B)add-on interest.
• C)compounding.
• D)simple interest.
• E)an annuity.

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Definitions:

Extends

Refers to something that increases in length, duration, or scope.

Stop-Payment Orders

A request made by an account holder to a bank to not pay out on a check or payment that has been issued on their account.

Validity

The state of being legally sound, effective, or binding; the quality of being logically true or sound.

Oral

Pertaining to words spoken, rather than written, used for communication.