A Time-Series Graph Measures

question 342

Multiple Choice

A time-series graph measures

• A) the value of one variable against the value of another variable.
• B) the value of an economic variable for different groups in a population at a point in time.
• C) time on the x-axis and the variable or variables in which we are interested on the y-axis.
• D) time on the y-axis and the variable or variables in which we are interested on the x-axis.
• E) time on both the x-axis and y-axis and the variable or variables in which we are interested in the rest of the figure.

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Definitions:

Compounded Monthly

Interest on an investment or loan calculated and added to the principal balance on a monthly basis, allowing it to grow at an accelerated rate.

Monthly Payment

Monthly payment is the amount of money paid each month on a loan, mortgage, or other debt.

Amortization Schedule

An Amortization Schedule is a table detailing each periodic payment on an amortizing loan, showing amounts paid to principal and interest.

Interest on Unpaid Balance

Interest charged on the portion of a loan or credit card balance that has not been paid off within the agreed period.