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As Societal Values Evolve,it Is Likely That the ________ Responsibilities

question 1

Multiple Choice

As societal values evolve,it is likely that the ________ responsibilities of today may become the ________ responsibilities to tomorrow.

Definitions:

Compound Interest

The addition of interest to the principal sum of a loan or deposit, where interest also earns interest from then on.

Simple Interest

Simple interest is interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.

Present Value

The present value of a sum of money or series of cash flows expected in the future, discounted at a certain rate of return.

Amortized Loan

A loan repaid in equal periodic amounts (or “killed off” over time).