Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
|
Compounding
|
The earning of interest on interest
|
|
|
Present value
|
What something you will receive later is worth now
|
|
|
Discounting
|
The process of calculating PV
|
|
|
Annuity
|
A series of equal yearly payments
|
|
|
Future sum of an annuity
|
The compounded value of an annuity
|
|
|
Annuity due
|
An annuity with payments due at the beginning of each year
|
|
|
Ordinary annuity
|
An annuity with payments due at the end of each year
|
|
|
Present value of an annuity
|
The PV of an annuity
|
|
|
Semiannual compounding
|
Paying interest twice a year
|
