Which of the Following Tables Would Show the Smallest Value

question 112

Multiple Choice

Which of the following tables would show the smallest value for an interest rate of 5% for six periods?

• A) Future value of 1
• B) Present value of 1
• C) Future value of an ordinary annuity of 1
• D) Present value of an ordinary annuity of 1

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Definitions:

Nonbreaching Party

The party in a contract who has not violated the agreement terms.

Express Warranty

A clear, affirmative promise or assurance by a seller about the quality or nature of a product or service.

Oral Promise

A commitment made verbally by one party to another without written documentation.

Remedy

A means of legal reparation, which can include monetary compensation, restorative justice, or specific performance in order to resolve a breach of the law.