To Compute a Future Amount from a Present Value,we Need

question 25

Multiple Choice

To compute a future amount from a present value,we need to know:

• A)The future value and length of time.
• B)The interest rate and length of time.
• C)The future annuity amount.
• D)The present annuity amount.

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Definitions:

Supply Shift

A change in the availability of a good or service, caused by factors other than price, which results in a new supply curve position.

Tax Imposition

The process by which authorities levy taxes on individuals, businesses, or transactions to raise revenue for public expenditures.

Sales Tax

A tax imposed by a government on the sale of goods and services.

Tax Revenue

The financial gains secured by governments through tax revenue.