The higher the rate used in determining the future value of a $1 annuity, ?
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
do your own homework!
you would spend less time looking these up in your textbook or online than it takes to enter them into Y! answers, check on the answers, and then copy them into your worksheet.
How do you know that answerers aren’t just lying to be jerks?
The answer is B