Mod 4: Time Value of Money Concepts and Calculations Flashcards
1
Q
The accumulation of funds needed to meet a future financial goal
A
Future Value of an Annuity
2
Q
The series of payments for an annuity in which payments are made at the beginning of each period
A
Annuity Due
3
Q
The series of payments for an annuity in which payments are made at the end of each period
A
Ordinary Annuity
4
Q
Payments that are unchanging over the entire period
A
Fixed (or Equal) Payments
5
Q
Payments that increase each year by the amount of inflation
A
Serial Payments
