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1 FINANCE MCQS

mcq_question: The value that converts a series of equal payments into the value received at the end of an investment is called ____________?

  • Present value of annuity
  • Future value of annuity
  • Decreased value of annuity
  • Increased value of annuity
Correct Answer: B. Future value of annuity

Detailed Explanation

The future value of an annuity represents the amount accumulated at the end of a specified period when equal payments are made at regular intervals and compounded at a given interest rate.

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