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About this document
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- 3 pages
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- Format
- Subject
- Finance
- Module
- Chapter 9 · Week 6
This quiz covers the material in Chapter 9 of the FIN 100 course. It includes 10 multiple choice questions on topics such as present value, annuities, future value, and interest rates. It is useful for exam preparation.
What's inside
- Present value of a lottery winning
- Annuity due
- Future value of a loan
- Future value of a deposit
- Perpetuity
- Simple interest
Who it is for: For students taking the FIN 100 course, week 6, chapter 9. (Undergraduate)
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Summary
Present value and annuities are finance concepts. Students get practice with multiple-choice questions on these topics.
Present Value of Annuities
Annuities are regular payments. Present value is the current worth of future payments. Students calculate the present value of a lottery win.
Types of Annuities
Annuities due are payments made at the start of each period. Ordinary annuities are paid at the end. Students identify which term describes an annuity due.
Future Value and Interest
Future value is the worth of money in the future. Interest rates affect future value. Students calculate future value with compound interest.
Perpetuities and Simple Interest
Perpetuities are annuities that last forever. Simple interest is earned only on the principal. Students identify the term for a perpetuity and for simple interest.
Key terms
- Annuity
- A series of equal payments made at regular intervals.
- Present Value
- The current value of a future sum of money.
- Future Value
- The value of an asset or cash at a specified date in the future.
- Compound Interest
- Interest calculated on the initial principal and also on the accumulated interest of previous periods.
- Perpetuity
- An annuity that has no end date.
- Simple Interest
- Interest calculated only on the principal amount.
Questions this document helps with
- How do you calculate the present value of an annuity?
- What is the difference between an annuity due and an ordinary annuity?
- How does compound interest affect the future value of an investment?
Summary written with AI from the document's text.
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