Examlex

Solved

Which of the Following Statements Is True

question 8

Multiple Choice

Which of the following statements is true?


Definitions:

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.

Future Value

The amount of money an investment is expected to grow to over a period at a specified rate of interest or return.

Interest Factors

Mathematical factors used to calculate the future or present value of cash flows based on an interest rate.

Related Questions