chap 3
Help!
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| TVM | time value of money
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| compound interest | interest that stays with the investment and itself also earns interest, (earning interest on interest)
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| present value | principal at the beginning of the year
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| I | dollar amount of interest earned in 1 year.
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| FV | principal at the end of n years, (future value)
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| effective annual yield | = (FV-PV)/PV
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| t or f EFA is higher when monthly compounding is used? | true
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| annuity | a series of payments or deposits
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| FVA | future value of an annuity, whe at will a fund be worth in the future if you make a series of payments over time...
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| PVA | present value of an annuity, what is an investment worth now?
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| how many pieces of information are needed to to compute the final answer on a financial calculator | 3 in order to solve for the 4th
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| discounting process | opposite of compounding.
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| ordinary annuity | end of period (mortgage payment)
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| annuity due | beginning of period (rental payment)
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
delorya