The Interest Factor for the Future Value of an Annuity

question 80

True/False

The interest factor for the future value of an annuity is simply the sum of the interest factors for the future value using the same number of periods.

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Definitions:

Interest Group

An organization or group that seeks to influence public policy and decision-making to benefit their particular interests or causes.

Deposit

A deposit is a sum of money placed in a financial institution for safekeeping, which can earn interest over time, commonly used in banking for savings or checking accounts.

Beginning

The point in time or space at which something starts.

Yearly Payments

Payments that are made once a year, often related to loans, annuities, or insurance policies.