Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 From the perspective of an account holder, a savings account is a liability with interest.

Question

Present Value of 1  Future Value of 1  Present Value of an Annuity of 1  Future Value of an Annuity of 1  From the perspective of an account holder, a savings account is a liability with interest.

Quizplus · Accepted Answer

From the perspective of an account holder, a savings account is an asset, as it represents money that the account holder has saved and can access. The interest earned on the savings account is additional income for the account holder.