Multiple Choice
The future value of an annuity:
A) is the end sum of all payments and all interest if each payment is deposited when received.
B) is the beginning sum and future interest amortized over the life of the annuity.
C) allows for both the time interval and amounts to be different.
D) is the beginning sum and present value calculated into the future.
Correct Answer:
Verified
Correct Answer:
Verified
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