Which Table Has a Factor of 1

question 50

Multiple Choice

Which table has a factor of 1.00000 for 1 period at every interest rate?

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

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Definitions:

Unlimited Wants

The economic concept that humans have endless desires or wishes for goods and services, exceeding the finite resources available.

Limited Means

A situation or condition of having restricted financial resources or capabilities.

Capital Equipment

Long-lasting tools, machinery, or infrastructure used in the production of goods and services.

Fertile Land

Soil or land that is rich in nutrients, making it highly productive for agriculture.