An annuity due means that the

An annuity due means that the
payments occur:

a.

At the end of the period

b.

At the beginning of the period

c.

In the middle of the period

  1. An annuity due is worth more
    than an annuity because:

a.

Each payment is compounded for
an extra year

b.

Each payment is compounded for
an extra two years

c.

Each payment is discounted for
an extra year

  1. If the formula for the
    future value of an amount of money is FV= PV(1+I)n , then
    the formula for the PV of an amount of money is:

a.

PV = FV/(1+I)n

b.

PV = FV + I

c.

PV = FV/In

  1. In the formula for the future
    value of an amount of money FV= PV(1+I)n , N is equal to:

a.

Nominal interest rate

b.

Negative 1

c.

Number of periods

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