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Question :
Matching Questions
75.Listed below 5 terms followed by a list of : 1412655

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**Matching Questions**

75.Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.

1. Future value of an annuity dueAccumulation of an amount with interest.

2. Future valueAccumulation of a series of equal payments with the last payment accruing interest.

3. Time value of moneyA series of equal periodic payments.

4. AnnuityAccumulation of a series of equal payments with the last payment accruing no interest.

5. Future value of an ordinary annuityA dollar now is worth more than a dollar later.

76.Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.

1. Simple interestClaim to a fixed amount of cash.

2. Nonmonetary assetCurrent worth of a series of equal payments received at the beginning of a period.

3. Present value of an annuity dueAmount today equivalent to a specified future amount.

4. Present value of a single amountBased on initial principal only.

5. Monetary assetIts amount is not fixed or determinable.