When discussing time-value-of-money it is necessary to understand some key terminology. Which of the following terms refers to a fixed amount of money paid or received at the end of every period (i. e. a series of equal lump sums) ?
A. Future value
B. Present value
C. Ordinary annuity
D. Annuity due
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Home » Business » When discussing time-value-of-money it is necessary to understand some key terminology. Which of the following terms refers to a fixed amount of money paid or received at the end of every period (i. e. a series of equal lump sums) ? A.