Future and present values are dependent upon all of the following except
A)time.
B)the interest rate.
C)a present or the future value interest factor,depending on the problem.
D)annual income.

Question

Quizplus · Accepted Answer

Annual income is not a factor that affects future or present values. Time and interest rate are key factors that determine future and present values, while the use of present or future value interest factors is a method used to calculate the actual values.

Future and Present Values Are Dependent Upon All of the Following