MATCHING Match each term with the correct definition. a.Compound interest b.Future value c.Present value d.Simple interest e.Annuity f.Interest 1.An amount that must be...

MATCHING

Match each term with the correct definition

.

a.Compound interest

b.Future value

c.Present value

d.Simple interest

e.Annuity

f.Interest

1.An amount that must be invested now to result in a given future value.

2.A series of equal amounts received or paid over a specified number of equal time periods.

3.The amount an investment will be worth at a later date.

4.The difference between future value and present value.

5.Interest computed without considering interest earned in a previous period.

6.Interest earned in one period on interest earned in an earlier period.