Across
- 2. The same as nominal or stated.
- 5. What we get back in addition to our principal.
- 9. That regular thing.
- 11. Nominal rate
- 12. If the annuity starts today.
- 13. The same thing forever.
- 14. Going to the past.
- 16. The same thing each period but for a fixed number of periods.
- 18. What an annuity is.
- 19. The difference between an APR and EAR is the _________ of compounding.
- 21. The rate at which a value increases, on average, is the ______ rate.
- 23. Graphical representation of cash flows and values.
- 24. The rate without inflation.
Down
- 1. The premium associated with the ability of the borrower to repay what is owed.
- 3. Larger than the APR and a better representation.
- 4. The premium associated with converting an investment into cash quickly.
- 6. A dollar today is not worth a dollar ________.
- 7. If the interest rate is positive, the future value is _________ than the present value.
- 8. The fact that you cannot add a value in one period to another with considering the time value of money is the cash flow __________ principle.
- 10. Going to the future.
- 15. Why we use Euler's e? For ________ compounding.
- 17. An annuity pushed out into the future is a _________annuity.
- 18. What the future holds.
- 20. An amortized loan.
- 22. A basic principle.
