Future Value Computations Are Also Referred to as

question 4

Multiple Choice

Future value computations are also referred to as

• A) Discounting.
• B) Add-on interest.
• C) Compounding.
• D) Simple interest.
• E) An annuity.

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Definitions:

General Partners

Members of a partnership who are responsible for the management of the partnership, have full authority to bind it, and face unlimited personal liability for its debts.

Limited Partners

Individuals in a partnership who invest money but do not have management responsibilities and whose liability is limited to the amount of their investment.

Foreign Limited Partnership

A partnership entity in which some owners have limited liability and limited involvement in management, recognized under the jurisdiction other than where it operates.

Internal Affairs

A legal doctrine which says that a corporation's internal activities should generally be governed by the laws of the state in which it is incorporated.