1. What is the term that refers to payment received or payments or deposits
made?
a. annuity
c. fair market value
b. cash flow
d. general annuity
2.
What is defined as an annuity where the length of the payment interval is not
the same as the length of the interest compounding period?
a. cash flow
c. general annuity
b. fair market value
d. general ordinary annuity
3.
What is the formula to determine the present value of an ordinary annuity?
(1+)-1
c. P ==R
1
d. PER
(1+1)+1
1
a. P = R 1-(1+i)"
b. P=R1+(1+i)"
4.
What is the other term for fair market value?
a. annuity
c. economic value
b. cash flow
d. future value​