The Length of Time of the Annuity Is Very Important

question 12

Multiple Choice

The length of time of the annuity is very important in accumulating wealth within an annuity. What other factor also has this effect?

• A) the time line
• B) interest rate for compounding
• C) the present value
• D) the future value

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Definitions:

Flap Their Wings

A phrase describing the action birds, and some insects, perform to take off, fly, or maintain altitude by moving their wings up and down.

Shock Avoidance

A behavioral principle where organisms learn to perform actions to prevent or avoid an unpleasant or painful stimulus.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with a biologically significant stimulus through conditioning.

CS-US Association

The process in classical conditioning whereby a previously neutral stimulus (CS) becomes associated with an unconditioned stimulus (US) to elicit a conditioned response.