Present, Future Values and Loan Amortization
Quiz by vilma villa
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- Q1
It is the money that you have right now that will be worth more over time.
present value
future value
past value
time value of money
30s - Q2
What formula you are going to use if you put your money in the blank which earned interest?
PV= FV(1+r)n
FV= PV/ (1+r)n
FV= PV(1+r)n
PV= FV/(1+r)n
30s - Q3
It is a type of loan with scheduled, periodic payments that are applied to both the loan's principal amount and the interest accrued.
abandoned loan
regular loan
depreciated loan
amortized loan
30s - Q4
How is the interest of an amortized loan calculated?
It is calculated based on the most previous ending balance of the loan.
It is calculated based on the recent beginning balance of the loan.
It is calculated based on the most recent beginning balance of the loan.
It is calculated based on the most recent ending balance of the loan.
30s - Q5
What formula you are going to use if you need to save today to have a specific amount at some point in the future?
PV = FV (1+r)n
FV = PV / (1+r)n
FV = PV (1+r)n
PV = FV / (1+r)n
30s - Q6
In the formula of computing the future and the present value of money, what is r?
equals the interest rate he/she will earn on the money
equals how much he will need in the future
equals the number of periods before he needs the monney
equals how much be needs to have today
30s