R.E Word Scramble
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| Question | Answer |
| TVM | time value of money |
| compound interest | interest that stays with the investment and itself also earns interest, (earning interest on interest) |
| present value | principal at the beginning of the year |
| I | dollar amount of interest earned in 1 year. |
| FV | principal at the end of n years, (future value) |
| effective annual yield | = (FV-PV)/PV |
| t or f EFA is higher when monthly compounding is used? | true |
| annuity | a series of payments or deposits |
| 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... |
| PVA | present value of an annuity, what is an investment worth now? |
| 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 |
| discounting process | opposite of compounding. |
| ordinary annuity | end of period (mortgage payment) |
| annuity due | beginning of period (rental payment) |
Created by:
delorya