_____ Questions Have a Limited Number of Possible Responses; _____

question 1

Short Answer

_____ questions have a limited number of possible responses; _____ questions do not lock the subject into any sort of response.

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Definitions:

Compound Interest

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

Earnings Rate

The return on an investment or the rate at which a company or asset generates income, typically expressed as a percentage.

Rate of Return

The profit or loss of an investment over a specified period, expressed as a percentage of the investment’s initial cost.

Present Value

The contemporary valuation of a future monetary sum or cash flow series, as determined by an agreed-upon rate of return.