UCA Personal Finance Institute-Chapter 3 Vocabulary
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| Future value interest factor | a factor multiplied by today’s savings to determine how the savings will accumulate over time
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| Annuity | a series of equal cash flow payments that are received or paid at equal intervals in time
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| Compounding | the process of earning interest on interest
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| Present value interest Factor | a factor multiplied by a future value to determine the present value of that amount
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| Discounting | the process of obtaining present values
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| Timelines | diagrams that show payments received or paid over time
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| Annuity due | a series of equal cash flow payments that occur at the beginning of each period
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To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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