# annuities and future values

mcqspedia.com has 5 Question/Answers about Topic annuities and future values

## Reciprocal of series compound amount factor is classified as

- A. series fund factor
- B. sinking fund factor
- C. annuity fund factor
- D. nominal fund factor
- Correct Answer: Option B

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

- A. marginal payment
- B. nominal payment
- C. annuity
- D. effective payment
- Correct Answer: Option C

## Series of payments made periodically is classified as

- A. annuity
- B. effective payment
- C. marginal payment
- D. nominal payment
- Correct Answer: Option A

## Accumulated series of deposits as future sum of money is classified as

- A. marginal fund
- B. nominal fund
- C. sinking fund
- D. annuity fund
- Correct Answer: Option C

## Assumption in calculating annuity is that every payment is

- A. equal
- B. different
- C. nominal
- D. marginal
- Correct Answer: Option A