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04-03-2024
Business

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The formula for the ______ value interest factor of an annuity is {1-[1/(1+r)t]r}1-[1/(1+r)t]r.
a. present
b. future
c. compound
d. discount

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stqrlene stqrlene

04-03-2024

b. future

Explanation: The formula given is for the future value interest factor of an annuity, which calculates the future value of a series of equal payments (annuity)

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