Match Each of the Following Terms Related to Interest and Time

question 33

Multiple Choice

Match each of the following terms related to interest and time value of money calculations to their appropriate definition.
-The present amount that is equivalent to an amount at a future time.

• A)Time value of money
• B)Simple interest
• C)Compound interest
• D)Future value of a single amount
• E)Present value of a single amount
• F)Annuity
• G)Future value of an annuity
• H)Present value of an annuity

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Definitions:

Distinctives

Features or characteristics that clearly differentiate one entity, product, or service from others.

Strategic Sourcing Process

A methodical approach to procurement that focuses on developing supply chains for critical goods and services to reduce costs and improve quality.

Six Sigma

A set of techniques and tools for process improvement aimed at reducing defects and improving quality.