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Author Question: A lump sum amount of money that must be deposited now to provide a specified series of equal ... (Read 52 times)

Mollykgkg

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on: Jun 24, 2018
A lump sum amount of money that must be deposited now to provide a specified series of equal payments (annuity) in the future is known as the future value of an annuity.
  Indicate whether the statement is true or false

Question 2

Translate into an equation: The cost of V ounces at 4 per ounce is 196.
 A) 4V = 196
  B) 4 + V = 196
  C) V  4 = 196
  D) 196V = 4


bigcheese9

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


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