To determine this, of an amount of money you deposit today, you need to know the amount of your deposit (or other investment) today.
What is future value?
100
This grows similarly as interest.
What is debt?
100
You will want to know how much money you must deposit or invest today to accumulate a specified amount of money at a future point in time.
What is the Present Value?
100
A $30 deposit at the end of each month for 100 months is an example of this.
What is a simple annuity?
200
You can earn this on money you receive today, thus making its value more.
What is interest?
200
The process of earning interest on interest.
What is Compounding?
200
Twisted logic involving debt, is believing that avoiding the payment of debt for as long as possible is this.
What is advantageous?
200
To determine the present value of an amount of money expected in the future, you need to know 3 things; the interest rate, the number of years, and this.
What is the future amount?
200
PMT x FVIFA = this.
What is the future value of an annuity?
300
The earlier you start this, the more quickly your money can earn interest and grow.
What is saving?
300
A factor multiplied by today’s savings to determine how the savings will accumulate over time.
What is the Future Value Interest Factor?
300
Twisted logic involving debt, is believing that the use of credit to make purchases is much more this, than the use of existing income to pay off debt.
What is enjoyable?
300
To determine the present value of an amount of money expected in the future, you need to know 3 things; the future amount, interest rate, and this.
What is the number of years?
300
PVA / Pmt = this.
What is the present value interest factor of an annuity?
400
Single dollar amount.
What is a lump sum?
400
As the number of years increase, the FVIF does this.
What is increase?
400
Twisted logic involving debt, can justify the decision to do this today, without considering how difficult it may be to pay off the debt in the future.
What is spend excessively?
400
A factor multiplied by a future value to determine the present value of that amount.
What is the present value interest factor?
400
Diagrams that show payments received or paid over time.
What are timelines?
500
A series of equal cash flow payments that are received or paid at equal intervals in time.
What is an annuity?
500
In addition to years, as this increases, the FVIF increases?
What is interest rate?
500
Twisted logic involving debt, can allow you to be comfortable with this because there is much time before you must face the reality of paying off the debt.
What is long term debt?
500
The process of obtaining present values is called this.
What is discounting?
500
A series of equal cash flow payments that occur at the beginning of each period.