Final Exam Review Financial Math

What is the present value of $3,500 earning 15 percent for 8 years?

• $1,144.5

• $1,157.25

• $1,189.75

• $1,235.50

Match the vocabulary word with the correct definition for "schedule of recurrent times in any regular system of preparing or sending bills."

• For-Profit

• Impulse

• Compulsive Behavior

• Take-Home Pay

• Billing Cycle

Match the vocabulary word with the correct definition for "amount of a paycheck one gets to keep after taxes and other deductions are taken out."

• For-Profit

• Impulse

• Compulsive Behavior

• Take-Home Pay

• Billing Cycle

Match the vocabulary word with the correct definition for "(a business or institution) initiated or operated for the purpose of making a profit."

• For-Profit

• Impulse

• Compulsive Behavior

• Take-Home Pay

• Billing Cycle

Match the vocabulary word with the correct definition for "sudden, involuntary inclination prompting one to take an action which is not well thought-out."

• For-Profit

• Impulse

• Compulsive Behavior

• Take-Home Pay

• Billing Cycle

Match the vocabulary word with the correct definition for "strong, usually irresistible, impulse to perform an act against a person’s usual behavior."

• For-Profit

• Impulse

• Compulsive Behavior

• Take-Home Pay

• Billing Cycle

The ______ your FICO scores the ______ you can expect to pay for your loan.

Complete the sentence by filling in the blanks: "Instead of getting a printed check from your employer or other types of institutions, you can, in most cases, elect to have your money _______ _______ into your account from the employer’s or other type of institution's account."

Match the vocabulary word with the correct definition for "total dollar value of all fixed assets in your business, less any accumulated depreciation."

• Accounts Payable

• Accounts Receivable

• Liabilities

• Notes Receivable

• Total Fixed Assets

Match the vocabulary word with the correct definition for "notes due within the year."

• Accounts Payable

• Accounts Receivable

• Liabilities

• Notes Receivable

• Total Fixed Assets