Examlex

Solved

The Present Value of an Annuity Factor for 6 Years

question 92

True/False

The present value of an annuity factor for 6 years at 10% is 4.3553.This implies that an annuity of six $2,000 payments at 10% would equal $8,711.


Definitions:

Same Sex Marriage

The legally or socially recognized marriage between two people of the same biological sex or gender identity.

Interstate Commerce

The trade, traffic, or transportation of goods, services, or money across state borders within the United States, regulated by federal law.

State Law

The body of law enacted by the legislative branch of a state or established by its judiciary.

Local Concerns

Issues or interests that are specific to a particular community, region, or locality, often distinguishing them from national or global matters.

Related Questions