If you put $500 in a savings account and make no further deposits,what type of calculation would provide you with the value of the account in 10 years?
A) Future value of a single amount
B) Simple interest
C) Present value of a single amount
D) Present value of a series of deposits
E) Future value of a series of deposits
Correct Answer:
Verified
Q51: Future value calculations involve:
A)discounting.
B)add-on interest.
C)compounding.
D)simple interest.
E)an annuity.
Q52: _ goals relate to personal relationships,health,and education.
A)Durable-product
B)Short-term
C)Consumable-product
D)Intangible-purchase
E)Intermediate
Q53: The first step of the financial planning
Q54: Which of the following goals would be
Q55: When prices are increasing at a rate
Q57: _ risk refers to the danger of
Q58: The financial planning process concludes with efforts
Q59: Opportunity cost refers to:
A)money needed for major
Q60: The changing cost of money when borrowing
Q61: Using the services of financial institutions to
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