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    Exam 19: Compound Interest and the Concept of Present Value
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    The Procedure Used to Compute the Future Value of a Series
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The Procedure Used to Compute the Future Value of a Series

Question 1

Question 1

Multiple Choice

The procedure used to compute the future value of a series of cash flows is known as:


A) compounding.
B) the annuity method.
C) discounting.
D) the future-cost approach.
E) indexing.

Correct Answer:

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