Multiple Choice
When using a future value of an annuity table (e.g., Table III at the back of the book) , _____.
A) payments are assumed to be made at the end of each period
B) FVIFA factors increase with an increase in the interest rate
C) FVIFA factors increase with an increase in the number of periods
D) All of these are correct
Correct Answer:
Verified
Correct Answer:
Verified
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