Question 1 An annuity may be defined as: A. a payment at a fixed interest rate.

Question 1 An annuity may be defined as: A. a payment at a fixed interest rate. B. a series of payments of unequal amount. C. a series of yearly payments. D. a series of consecutive payments of equal amounts.Question 2 You are to receive $12000 at the end of 5 years. The available yield on investments is 6%. Which table would you use to determine the value of that sum today? A. Present value of an annuity of $1 B. Future value of an annuity C. Present value of $1 D. Future value of $1 Question 3 As the interest rate increases the present value of an amount to be received at the end of a fixed period: A. increases. B. decreases. C. remains the same. D. not enough information to tell Question 4 As the time period until receipt increases the present value of an amount at a fixed interest rate: A. decreases. B. remains the same. C. increases. D. not enough information to tell

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.