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Applied mathematics practice test MCQ: assumption in calculating annuity is that every payment is with choices equal , different , nominal and marginal problem solving skills for summative and formative assessment, competitive exam prep, interview questions with answer key. Free study guide is for online learning annuities and future values quiz with MCQs to practice test questions with answers. Annuities and Future Values Video

MCQ: Assumption in calculating annuity is that every payment is

1. equal
2. different
3. nominal
4. marginal

A

MCQ: Accumulated series of deposits as future sum of money is classified as

1. marginal fund
2. nominal fund
3. sinking fund
4. annuity fund

C

MCQ: Series of payments made periodically is classified as

1. annuity
2. effective payment
3. marginal payment
4. nominal payment

A

MCQ: Regular deposits to savings account and periodic payments for retirement funds are considered as

1. marginal payment
2. nominal payment
3. annuity
4. effective payment

C

MCQ: Reciprocal of series compound amount factor is classified as

1. series fund factor
2. sinking fund factor
3. annuity fund factor
4. nominal fund factor

B