Question: Question 1 2 2 pts How does extending the time period of an annuity affect its future value le . s . extending from a
Question
pts
How does extending the time period of an annuity affect its future value les extending from a pear to a vear amuityl. assuming the annual plyment amounts and the interest rate remain constant?
The effect depends on whether the payments ire mude at the stirt, or the end of each year.
It decremies the future value.
in ivereases thet fulure watat.
than mes ettect on the Ahere value.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
