The length of time of the annuity is very important in accumulating wealth within an annuity. What other factor also has this effect?
A)The time line
B)Interest rate for compounding
C)The present value
D)The future value

Question

Quizplus · Accepted Answer

The interest rate for compounding also has a significant effect on accumulating wealth within an annuity. A higher interest rate will result in more compounding, leading to a larger future value.

The Length of Time of the Annuity Is Very Important