The Future Value of an Annuity Is

question 15

Multiple Choice

The future value of an annuity is:

• A)Always more than the present value.
• B)Always less than the present value.
• C)Equal to the present value.
• D)Double the present value.

---

Definitions:

Sugar

A sweet-tasting, soluble carbohydrate found in many plants and used as a sweetener in food and beverages.

Price Elasticity

A gauge of the degree to which demand for a merchandise reacts to alterations in its price, showing how susceptible the amount demanded is to changes in price.

Specific Tax

Tax of a certain amount of money per unit sold.

Consumers

Individuals or groups who are the final users of products and services generated within an economy.