Which of the Following Terms Refers to a Fixed Amount

question 17

Multiple Choice

Which of the following terms refers to a fixed amount of money paid or received at the beginning of every recurring period (i.e. a series of equal lump sums) ?

• A) Future value
• B) Present value
• C) Ordinary annuity
• D) Annuity due

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Definitions:

Ear-Nose-And-Throat

A medical specialty that deals with diseases and disorders of the ear, nose, and throat.

Eavestrough Downspout

A vertical pipe that is connected to a gutter system, used to channel rainwater from the roof to the ground or drainage system.

Flooding

An overflow of water onto land that is normally dry, often caused by heavy rain, melting snow, or breaches in water control structures.

Foreseen

Expected to occur in the future based on forecasts or predictions.