The Interest Factor for the Future Value of an Annuity

question 80

True/False

The interest factor for the future value of an annuity is simply the sum of the interest factors for the future value using the same number of periods.

---

Definitions:

Shoshone Indian

A member of a Native American tribe originally living in the western United States.

Pacific Ocean

The biggest and most profound ocean on Earth, situated between the Americas in the east and Asia and Australia in the west.

Motorists

Individuals who operate cars or other motor vehicles.

Speed Limit

The maximum legal speed at which vehicles may travel on a particular road or in a specific area.