If the Present Value Annuity Factor at 8 Percent for 10

question 68

Multiple Choice

If the present value annuity factor at 8 percent for 10 years is 6.71, what is the equivalent future value annuity factor?

• A)3.108
• B)14.486
• C)2.159
• D)5.384

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Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Expenses

The costs incurred in the process of generating revenue, including but not limited to rent, salaries, and utilities.

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income or loss.

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