Confirmation by an organization that an individual is qualified to perform a job to professional standards is known as __________.

Formal training programs in medical assisting __________.

A medical assistant working in a pediatrician’s office who takes a continuing education class on child development demonstrates __________.

A medical assistant who completes all work and documents all of the day’s activities before leaving for the day is demonstrating __________.

You currently have $32,000 saved for a vehicle. The vehicle you want costs $90,000. If your money earns 8.5 percent per year, how long will it take before you can buy the vehicle?

Lakeside Bank charges 11.8 percent compounded monthly on its business loans. Northview Bank charges 12.1 percent compounded quarterly. As a potential borrower, which bank would you choose for a new loan?

There are four pieces to an annuity present value. What are they?

When finding the value of several cash flows that occur at different times, what must you do before adding the cash flows together? Briefly explain.

A project will pay $700 at the end of Year 1, $900 at the end of Year 2, $1,100 at the end of Year 3, and $1,400 at the end of Year 4. If the discount rate is 9 percent, what is the present value of the project?

What is compounding? What is discounting?