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Time Value of Money

Authored by Steven Howard

Professional Development

2nd Grade

Used 11+ times

Time Value of Money
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount money a person expects to have in the future is called

Principal
Future Value
Simple Interest
Present Value

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Earning interest on interest is called

Extra Interest
Simple Interest
Inflation Interest
Compound Interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that money to be paid out or received in the future is not equivalent to money paid out or received today

SMART Money
Time Value of Money
PV/FV Money
Compound Money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You invest $475 in an account that pays 3% simple interest annually.  How much money do you have after five years? 

$546.24
$544.46
$543.25
$546.25

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You invest $800 in an account that pays 6% interest, compounded annually.  How much money do you have after five years?  Round your answers to the nearest cent. 

$898.09
$1070.58
$1710.58
$975.68

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Steady rise in the general level of prices is known as

Inflation
Interest
Time Value of Money
Principal

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Present value interest factor (PVIF) are usually less than 1.0

True

False

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