Question $1(1\mathrm{.}5$ points$)$

Most people prefer to receive money today rather than ten from now frase

Prices have been falling recently and a dollar received today will buy more than

one received in the future.

Future investment returns are expected to be less variable than current ones.

Receiving cash today enables one to take advantage of current investment

opportunities.

People are unsure about their future employment prospects and wish to provide

themselves with a source of future income.

Most people are afraid they will spend future cash payments foolishly.

O of $23$ questions saved

Which of the following is an annuity with an infinite life that makes continual annual

payments?

An amortized loan.

Annual Percentage Rate.

A perpetuity.

A principal note.

All are appropriate.

$0$ of $23$ questions saved