QUESTION IMAGE
Question
accumulate means
to set goals
to earn
to collect
to decrease
multiple choice 1 point
the increase of an amount of money due to earned interest or dividends is called
time value of money
future value
principal
annuity
The word "accumulate" means to gather or collect things over time. In the context of money, the increase in an amount of money due to earned interest or dividends is the future - value. The time - value of money is the concept that money available now is worth more than the same amount in the future. The principal is the initial amount of money. An annuity is a series of equal payments.
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- C. to collect
- B. future value