Using mathematical formulas, financial tables, or a financial calculator, you can find the
1. Future value of an amount invested today
Present value of an amount you will receive in the future
Future value of an amount you deposit annually
Present value of an amount if you make annual payments
All of these
2. The definition of passive income is:
Income received from one's investments and savings
Sufficient means to support oneself
Income received on a regular basis with little effort required to maintain it
Income received after putting in overtime
3. A simple, stress-free lifestyle in which consumption, materialism, and wealth accumulation are minimized is:
Personal values
Voluntary simplicity
Financial plan
90-10 rule
4. If you invest $100 and receive a 12% APR (annual percentage rate), what will your balance be at the end of the year?
$121.12
$121.00
$112.00
$100.12
5. What do you call a stream of equal payments received or paid at equal intervals in time?
A lump sum
An annuity
Discounting
Future value
6. This is a combination of your values, how you were raised, and your parent's traits.
Voluntary simplicity
Money personality
Frugal
Personal values
7. What are the qualities of a SMART goal?
Specific, measurable, attainable, relevant, time
Special, measurable, attitude, realistic, try
Specific, mission, attainable, reason, time
Special, mission, attitude, reason, try
8. Money personality is:
The point at which spending more money has a diminishing rate of fulfillment
Sufficient means to support oneself
Your style and habits of money management
Income from your investments