1) In determining the future value of a single amount one measuresA.-the present value of an amount discounted at a given interest rate.B.-the present value of periodic payments at a given interest rate.C.-the future value of an amount allowed to grow at a given interest rate.D.-the future value of periodic payments at a given interest rate.2) An annuity may be defined asA.-a series of payments of unequal amount.B.-a series of consecutive payments of equal amounts.C.-a series of yearly payments.D.-a payment at a fixed interest rate.3) Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for the next 15 years and expects to earn an 8% annual rate of return. How much money will his daughter have when she starts collegeA.-$12263B.-$23079C.-$24003D.-$112504) If you were to put $1000 in the bank at 6% interest each year for the next ten years which table would you use to find the ending balance in your accountA.-Future value of $1B.-Future value of an annuity of $1C.-Present value of an annuity of $1D.-Present value of $1
