The Future Value of an Annuity Will Be Larger If

question 33

Multiple Choice

The future value of an annuity will be larger if
1. the annuity is an ordinary annuity
2. the annuity is an annuity due
3. the payments are made at the beginning of the year
4. the payments are made at the end of the year

• A)1 and 3
• B)1 and 4
• C)2 and 3
• D)2 and 4

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Definitions:

Boosting Morale

Activities or actions taken to improve the spirit, confidence, or enthusiasm of a group or an individual.

Group Spirit

The sense of solidarity, enthusiasm, and loyalty shared by members within a group, team, or community.

Deliberate

To think about or discuss something very carefully in order to make a decision.

Controlled Mind

The state of consciously regulating thoughts, emotions, and actions through mental processes and self-discipline.