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

Question

Quizplus · Accepted Answer

Annual income does not directly affect the calculation of future or present values, which are primarily determined by the time period, the interest rate, and the specific present or future value interest factor being used.

Future and Present Values Are Dependent Upon All of the Following