When Writing Words or Numbers on a Check, Always Start

question 13

Multiple Choice

When writing words or numbers on a check, always start _____.

• A) using capital letters
• B) in the middle
• C) at the far left
• D) at the far right

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Definitions:

Discounted Value

The present value of a future amount of money or a series of cash flows, adjusted for time value of money.

Annuity

A financial product that pays out a fixed stream of payments to an individual, usually used as an income stream in retirement.

Present Value

The immediate value of a prospective amount of money or cash flow series, determined by a specific rate of return.

Future Amount

The predicted total value of an asset or investment at a specific future date, considering factors like interest rates or earnings.