Goals with a Time Frame of Between One and Five

question 21

Multiple Choice

Goals with a time frame of between one and five years are classified as

• A)short term.
• B)long term.
• C)medium term.
• D)unrealistic.

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Definitions:

Semiannually

Occurring twice a year, typically every six months, often used in the context of payments, evaluations, or reporting.

Contract Rate

The contract rate is the interest rate specified in a financial contract or agreement.

Interest Payments

Interest payments are amounts paid for the use of borrowed money or for the delay in repayment of a debt.

Bond Payable

A financial instrument representing a loan made by an investor to a borrower, typically a corporate or governmental borrower, to be repaid with interest.