The Future Value of an Annuity

question 23

Multiple Choice

The future value of an annuity:

• A)is the end sum of all payments and all interest if each payment is deposited when received.
• B)is the beginning sum and future interest amortized over the life of the annuity.
• C)allows for both the time interval and amounts to be different.
• D)is the beginning sum and present value calculated into the future.

---

Definitions:

Product Creation Process

Involves the steps and stages from conceiving a new product idea to the final launch and post-launch assessment in the market.

Reliability Service Dimension

An aspect of service quality referring to the ability of a company to perform the promised service dependably and accurately.

Customer Service

The help and counsel given by an enterprise to customers who acquire or employ its goods or services.

Service Dimension

Aspects that define the quality and nature of a service, including tangibility, reliability, responsiveness, assurance, and empathy towards customers.