Ibiza Corporation has been investing $20,000 for the last four years in an investment scheme that is maturing at the end of the current year. It will be receiving $120,000 at the time of maturity. The $120,000 received at maturity is referred to as _____.

Question

Quizplus · Accepted Answer

The $120,000 received at maturity is a lump-sum amount, as it is a one-time payment rather than a series of payments over time.

Ibiza Corporation Has Been Investing $20,000 for the Last Four