Match Each of the Following Terms Related to Interest and Time

question 83

Multiple Choice

Match each of the following terms related to interest and time value of money calculations to their appropriate definition.
-Interest calculated on the principal plus previous amounts of interest accumulated.

• 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:

Taking Minutes

The process of recording the main points and decisions of a meeting in a formal written format.

Objective Account

An objective account is a neutral description of events or facts without the influence of personal feelings or interpretations.

Formal

Following established conventions or rules, often characterized by a structured and official tone.

Techniques of Professional Talking

Methods and practices for communicating effectively in professional settings, including clarity, diplomacy, and purposefulness.