The definition of passive income

Assignment Help Financial Management

Reference no: EM131815948

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

Reference no: EM131815948

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