Case WD 5-2 Ron Is Preparing a Price List to Pass

question 41

Multiple Choice

Case WD 5-2 Ron is preparing a price list to pass out to customers. He will use tab stops to help with the formatting. As Ron types in the numbers, he is having a hard time lining up the numbers. He decides he wants to use the ____ so that the text is all aligned with the decimal point.

• A) Decimal tab stop
• B) Money tab stop
• C) Currency tab stop
• D) Bank tab stop

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Definitions:

Lump Sum Payment

A single, one-time payment made for a purchase or to settle a debt, as opposed to installments.

Annuity Due

A type of annuity in which payments are made at the beginning of each period, rather than at the end.

Present Value

The present worth of a sum of money or a series of cash flows expected in the future, assuming a certain rate of return.

Compounded Annually

A method of calculating interest where the interest rate is applied once per year, and each year’s interest calculation includes the interest from the previous years.