The Future Value (Fv)at the End of the Time Period

question 88

Multiple Choice

The Future value (Fv) at the end of the time period in an Excel function is usually ________ for loans.

• A)twice the principal
• B)zero
• C)half the principal
• D)the same as the principal

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Definitions:

Periodic Inventory System

A method of inventory management where updates to inventory levels are made at specific intervals, typically at the end of an accounting period, rather than continuously.

Inventory Shipped on Consignment

Goods sent by a vendor (consignor) to a consignee, which are held by the consignee until sold; the consignor retains ownership until the goods are sold.

Consignee

The individual or entity that is legally permitted to receive goods but does not have ownership rights over the cargo until the consignment is paid for or sold.