Complete the time value rules

Exercise and reference answers

Missing parts

1. Answer

   present

   Choices

   1. present
   2. future
   3. nominal

2. Answer

   compound

   Choices

   1. compound
   2. simple
   3. nominal

3. Answer

   discounting

   Choices

   1. discounting
   2. compounding
   3. amortising

Complete the statement

The amount invested today is the {0} value, interest earned on prior interest is {1} interest, and working back from a future amount is {2}.

Instructions

Tap a word for each blank to complete the sentence.

Explanation