If You Save Monthly for Retirement,which of the Following Would

question 80

Multiple Choice

If you save monthly for retirement,which of the following would be used to determine how much you would ultimately have in your retirement account?

• A)Present value of an annuity
• B)Future value of an annuity
• C)Present value of $1
• D)Future value of a lump sum

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Definitions:

Orders

Directives issued by an authority, such as a court or government agency, that require parties to act or refrain from acting in a certain way.

Administrative Procedure Act

A law in the United States governing the process by which federal agencies develop and issue regulations, including a requirement for public participation.

Informal Rulemaking

A regulatory process involving the publication of a proposed rule and the solicitation of public comments before the rule is finalized.

Enabling Statute

Legislation that gives a government entity or agency the authority to implement and enforce specific laws.