2-7 and 2-8 Vocab Quiz

The same deposit made at regular intervals is called a

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CCSS.HSF-LE.A.1C

To find the future value of a periodic deposit investment, you use a formula (the following options are not the entire formula) in which:

• B is the balance after the first deposit.

• B is the balance when deposits have been randomly made.

• P is the amount of the original principal deposited.

• B is the balance the account will grow to at the end of the investment period, and P is the periodic deposit amount.

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CCSS.HSF.BF.A.2

The current value of a deposit that is made in the present time is called the

• account worth.

• present value.

• deposit amount.

• future value.

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CCSS.HSF.IF.A.2

In order to find how much to save on a regular basis at a specific interest rate to meet a future goal, you would find the present value of a

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CCSS.8.EE.C.7B