The statement of cash flows may also be called the

$($a$)$ sources and uses statement.

$($b$)$ statement of retained earnings.

$($c$)$ bank statement.

$($d$)$ funds statement.

In future value or present value problems, unless stated otherwise, cash flows are assumed to

be

$($a$)$ at the end of a time period.

$($b$)$ at the beginning of a time period.

$($c$)$ in the middle of a time period.

$($d$)$ spread out evenly over a time period.

When the amount earned on a deposit has become part of the principal at the end of a specified

time period the concept is called

$($a$)$ discount interest.

$($b$)$ compound interest.

$($c$)$ primary interest.

$($d$)$ future value.

For a given interest rate, as the length of time until receipt of the funds increases, the present

value interest factor

$($a$)$ changes proportionally.

$($b$)$ increases.

$($c$)$ decreases.

$($d$)$ remains unchanged.

The future value of $$100$ received today and deposited at $6$ percent for four years is

$($a$)$ $$126.$

$($b$)$ $$79.$

$($c$)$ $$124.$

$($d$)$ $$116.$

The amount of money that would have to be invested today at a given interest rate over a

specified period in order to equal a future amount is called

$($a$)$ future value.

$($b$)$ present value.

$($c$)$ future value interest factor.

$($d$)$ present value interest factor.