Calculation of the Amount of the Equal Periodic Payments That

question 18

Multiple Choice

Calculation of the amount of the equal periodic payments that would be required at the end of each year to accumulate a $20,000 fund at the end of the tenth year is most readily determined by reference to a table that shows which of the following?

• A) Future value of $1.
• B) Future value of annuity of $1.
• C) Present value of a single sum.
• D) Present value of $1.

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Definitions:

Permissive

A parenting style characterized by low demands with high responsiveness.

Controlling

Involving or relating to the power to influence or direct people's behavior or the course of events.

Punitive

Relating to or aiming at punishment.

Authoritarian

A leadership or governance style characterized by strict obedience to authority, often at the expense of personal freedom.