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Personal Finance Ins Word Scramble

 
 


 

 
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Question Answer
Future value interest factora factor multiplied by today’s savings to determine how the savings will accumulate over time
Annuitya series of equal cash flow payments that are received or paid at equal intervals in time
Compoundingthe process of earning interest on interest
Present value interest Factora factor multiplied by a future value to determine the present value of that amount
Discountingthe process of obtaining present values
Timelinesdiagrams that show payments received or paid over time
Annuity duea series of equal cash flow payments that occur at the beginning of each period