In: Finance
which is the statement is true
1.the annuity factor is always less than 1
2.the annuity factor can be greater than one and smaller than one
3.the annuity factor is always one higher Num
4.the annuity can be negative or positive
the annuity factor can be greater than one and smaller than one
Formula for annuity factor =(( (1+Rate)^years)-1) / Rate
Table of annuity factor: