Multiple Choice
The higher the rate used in determining the future value of an annuity,
A) the smaller the future value at the end of the period.
B) the greater the future value at the end of the period.
C) the greater the present value at the beginning of the period.
D) None of these-the interest rate has no effect on the future value of the annuity.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: Jerry wants to know how much he
Q83: At what annual rate would $500 grow
Q84: If the payment in an ordinary annuity
Q85: Use the data in table 3.1 to
Q86: Which of the following is not an
Q88: Use the following two columns of items
Q89: Using the Time Value of Money charts
Q90: There are two sets of present and
Q92: The _ the interest rate, the _
Q106: Use the following two columns of items