Set: The Time Value of Money

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All 4 terms

TermDefinition
Future ValueThe value of an amount of money at a particular time in the future.
Present valueThe value of an amount on a particular date prior to the time the amount is paid or received.
Compound InterestEarning interest in one period on interest earned in an earlier period.
AnnuityA series of equal amounts received or paid over a specified number of equal time periods.

Set Information

Terms 4
Creator imgd420
Created July 24, 2007
Groups None
Subjects future, value, present, interest, annuity, rates
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Description

These are terms and concepts from chapter 8 in the book "Financial Accounting: Information for Decisions" and was done for ACC 210 at the University of Alabama

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  1. Present value The value of an amount on a particular date prior to the time the amount is paid or received. - 1 miss
  2. Future Value The value of an amount of money at a particular time in the future. - 1 miss