Which of the Following Must Be Known to Compute the Interest

question 78

Multiple Choice

Which of the following must be known to compute the interest rate paid from financing an asset purchase with an annuity?

• A)fair value of the asset purchased,number and dollar amount of the annuity payments
• B)present value of the annuity,dollar amount and number of the annuity payments
• C)fair value of the asset and timing of the annuity payments
• D)future value of the annuity and number of the annuity payments

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Definitions:

Tracheal Tubes

Tubes that make up part of the respiratory system in insects, allowing gas exchange directly with body cells.

Spiracles

Openings on the surface of some animals, such as insects, spiders, and some fish, which lead to respiratory systems, allowing air to enter the body.

Annelids

A phylum of invertebrate animals characterized by their segmented bodies and include earthworms, leeches, and marine worms.

Diving Marine Mammals

Marine animals, such as whales, seals, and dolphins, adapted to diving deep under water to feed, communicate, or avoid predators.