Americans Born Between 1977 and 1994 Are Referred to as

question 239

Multiple Choice

Americans born between 1977 and 1994 are referred to as

• A)Generation X.
• B)baby boomers.
• C)Generation Y.
• D)baby busters.
• E)Generation Z.

---

Definitions:

Compounded Semi-annually

Refers to the process where interest is added to the principal balance of an investment or loan twice a year, resulting in the interest earning interest.

Perpetuity

A financial instrument that pays a fixed amount of money indefinitely, with no end date.

Annually Compounded

A method of calculating interest where the interest is added to the principal sum once a year, resulting in interest on interest.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the true value as agreed upon by a willing buyer and seller.