Posts Tagged ‘determining’
The higher the rate used in determining the future value of a $1 annuity, ?
29
Apr
The higher the rate used in determining the future value of a $1 annuity,
a) the smaller the future value at the end of the period.
b) the greater the future value at the end of a period.
c) the greater the present value at the beginning of a period.
d) none of the above – the interest has no effect on the future value of an annuity
In determining the interest factor (IF) for the present value of $1, one could use the reciprocal of the IF f?
27
Apr
In determining the interest factor (IF) for the present value of $1, one could use the reciprocal of the IF for the future value of $1 at the same rate and time period.
1)False
2) True