If the interest rate is 5%, the factor for the future value of an annuity due of 1 for n-5, i-5% is equal to the factor for the future va of an ordinary annuity of 1 for n=5,1-5% O minus 1.05. O plus 1.05. O divided by 1.05. O multiplied by 1.05.
If the interest rate is 5%, the factor for the future value of an annuity due of 1 for n-5, i-5% is equal to the factor for the future va of an ordinary annuity of 1 for n=5,1-5% O minus 1.05. O plus 1.05. O divided by 1.05. O multiplied by 1.05.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:If the interest rate is 5%, the factor for the future value of an annuity due of 1 for n = 5, i = 5% is equal to the factor for the future va
of an ordinary annuity of 1 for n = 5,i = 5%
minus 1.05.
O plus 1.05.
O divided by 1.05.
O multiplied by 1.05.
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