All of the Following Are Necessary to Compute the Future

question 31

Multiple Choice

All of the following are necessary to compute the future value of a single amount EXCEPT the:

• A)interest rate.
• B)length of time between investment and future payment or receipt.
• C)amount of initial payment or receipt.
• D)maturity value.

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Definitions:

Homeowner's Policy

An insurance policy providing coverage for damage to a person's home and possessions within, as well as liability for accidents that occur in the home or on the property.

Independent

A term in statistics that describes two or more variables which do not influence or affect each other.

Independent

Not influenced by or connected to others; in statistics, it often implies that variables are not correlated.

Independent

Not influenced or controlled by others; capable of thinking or acting for oneself.