1.

Waiting until you are 65 years old for retirement seems like a dozen lifetimes away. The good news is that your money grows to large amounts over what kind of time periods?

Group of answer choices

Longer Periods

Market Periods

Shorter Periods

Financial Periods

Most

2.

Let's start with an example of $100 invested at a rate of 10% per year. How much would you have at the end of 8 years using simple interest?

Group of answer choices

$180.00

$100.00

$80.00

$214.36

$0.00

3.

Given any three pieces of information, we can solve for a missing piece. So, if we know how much we can deposit and how much we need, we can determine the ________ that is required to reach your desired financial goal. As long as you know how long your investment will last.

Group of answer choices

Future Value

Annuity Sum

Interest Rate

Lump Annuity

Present Value

4.

What is another term, for purposes of time value of money calculations, that can also be referred to as Ending Value since it is the final point in time of a time value of money calculation?

Group of answer choices

Present Value

Current Balance

Future Value

Beginning Value

I/Y