Time value bingo

Exercise and reference answers

Clues and terms

1. Clue

   Money now beats later.

   Item

   Time value

2. Clue

   What it grows into.

   Item

   Future value

3. Clue

   What it is worth today.

   Item

   Present value

4. Clue

   Brings money backwards.

   Item

   Discount rate

5. Clue

   Interest on interest.

   Item

   Compound

6. Clue

   Quick doubling estimate.

   Item

   Rule of 72

7. Clue

   1,000 after a year at 4%.

   Item

   1,040

8. Clue

   The same after two years.

   Item

   1,081.60

9. Clue

   One single payment.

   Item

   Lump sum

Instructions

Read each clue and tap the term or value it describes.

Explanation