American_Bankers_Association
CTFA · Question #270
When n = 1, this interest factor equals one for any positive rate of interest.
The correct answer is D. FVIFA. See the full explanation below for the reasoning.
Investment Management
Question
When n = 1, this interest factor equals one for any positive rate of interest.
Options
- APVIF
- BFVIF
- CPVIFA
- DFVIFA
How the community answered
(46 responses)- A2% (1)
- B7% (3)
- C11% (5)
- D80% (37)
Topics
#FVIFA#future value annuity factor#time value of money#annuity factors
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