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If the Interest Rate Is 10%, the Factor for the Future

Question 8

Multiple Choice

If the interest rate is 10%, the factor for the future value of annuity due of 1 for n = 5, i = 10% is equal to the factor for the future value of an ordinary annuity of 1 for n = 5, i = 10%


A) plus 1.10
B) minus 1.10
C) multiplied by 1.10
D) divided by 1.10

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