Question 3.Match the following terms with the appropriate definition.Future ValueTime value of moneyMonetary AssetPresent value of a single amountSimple interestA.Claim to a fixed amount of cash.B.A dollar now is worth more than a dollar later.C.Based on initial investment only.D.Amount today equivalent to a specified future amount.E.Accumulation of an amount with interest.
Question 3
.Match the following terms with the appropriate definition.
Future Value
Time value of money
Monetary Asset
Present value of a single amount
Simple interest
A.
Claim to a fixed amount of cash.
B.
A dollar now is worth more than a dollar later.
C.
Based on initial investment only.
D.
Amount today equivalent to a specified future amount.
E.
Accumulation of an amount with interest.
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