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    Financial and Managerial Accounting Study Set 8
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    Exam 27: the Time Value of Money: Future Amounts and Present Values
  5. Question
    The Future Amount of an Annuity Is Calculated by Multiplying
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The Future Amount of an Annuity Is Calculated by Multiplying

Question 5

Question 5

True/False

The future amount of an annuity is calculated by multiplying the present value of the annuity by its applicable factor from a table.

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