Match Each Term with Its Meaning

question 6

Multiple Choice

Match each term with its meaning.
-position of a number to the left or right of a decimal point

• A)decimal place
• B)multiplication
• C)decimal
• D)decimal point
• E)decimal fraction
• F)multiplier
• G)decimal system
• H)continuing number
• I)whole number
• J)power of 10

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Definitions:

Lease Payments

Payments made under a lease agreement by the lessee to the lessor for the use of an asset over the lease term.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, often used in evaluating investment opportunities.

Interest Rate

The ratio of interest charged on a loan to the borrower, usually represented as a yearly percentage of the remaining loan amount.

Compound Interest

Calculating interest that includes both the original principal amount and all previously accumulated interest on a loan or deposit.