All of the Following Are Necessary to Compute the Future

question 31

Multiple Choice

All of the following are necessary to compute the future value of a single amount EXCEPT the:

• A)interest rate.
• B)length of time between investment and future payment or receipt.
• C)amount of initial payment or receipt.
• D)maturity value.

---

Definitions:

Affordable Care Act

A comprehensive healthcare reform law enacted in March 2010, also known as "Obamacare," aimed at expanding health insurance coverage to uninsured Americans and reducing the overall costs of healthcare.

Medicaid Services

Government-funded programs that provide health care services to eligible low-income individuals and families.

Adult Children

Adult offspring who may still maintain a dependent relationship with their parents or are considered in relation to their parents.

Medicare

Federally funded national health insurance program in the United States for people over 65 years of age. The program is administered in two parts. Part A provides basic protection against costs of medical, surgical, and psychiatric hospital care. Part B is a voluntary medical insurance program financed in part from federal funds and in part from premiums contributed by people enrolled in the program.