If You Wanted to Calculate Your Average in This Class

question 14

Multiple Choice

If you wanted to calculate your average in this class right now, you would use a __________ personal application software package.

• A)personal information management
• B)presentation
• C)spreadsheet
• D)word processing

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Definitions:

Compounding

The process whereby interest is credited to an existing principal amount as well as to interest already paid, causing the investment to grow at an accelerating rate.

Time Value

A financial principle stating that an identical amount of money has more value if it's accessible now rather than later, thanks to its capability to earn more over time.

Money

A medium of exchange that enables people and businesses to buy goods and services; recognized by a society to have value for transactions.

Annuity Due

A series of equal payments made at the beginning of consecutive periods over a fixed length of time.