If a Series of Equal Payments Is Received Regularly at the End

question 65

Multiple Choice

If a series of equal payments is received regularly at the end of the year, and each is deposited immediately at the same interest rate, the ____ is the sum of all the payments and all the interest earned at the end of the series.

• A)future value of an annuity due
• B)present value of an annuity due
• C)future value of an ordinary annuity
• D)present value of an ordinary annuity
• E)none of the above

---

Definitions:

Privately Owned

Refers to assets, businesses, or corporations owned by non-governmental entities or individuals.

Product Line

A collection of interconnected products sold under a unified brand name by the same company.

Product Item

A specific version of a product that has a unique identifier, packaging, price, or quality.

Glad Products

A brand name associated primarily with trash bags and food storage containers, known for its range of plastic products.