Multiple Choice
Which statement is false?
A) The factor for the future value of an annuity due is found by multiplying the ordinary annuity table value by one plus the interest rate.
B) The factor for the present value of an annuity due is found by multiplying the ordinary annuity table value by one minus the interest rate.
C) The factor for the future value of an annuity due is found by subtracting 1.00000 from the ordinary annuity table value for one more period.
D) The factor for the present value of an annuity due is found by adding 1.00000 to the ordinary annuity table value for one less period.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: An amount is deposited for eight years
Q15: If an annuity due and an ordinary
Q51: Which of the following transactions would require
Q57: Simple interest is computed on principal and
Q59: Which table has a factor of 1.00000
Q65: The future value of a deferred annuity
Q78: Present value of an Ordinary Annuity of
Q83: On January 2, 2007, Yenn Corporation
Q118: A series of equal receipts at equal
Q128: The present value of an annuity due