Present Value of 1 Future Value of 1

question 13

Multiple Choice

Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 An individual is planning to set-up an education fund for her daughter.She plans to invest $7,000 annually at the end of each year.She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%.What will be the total value of the fund at the end of 9 years?

• A)$87,416
• B)$68,040
• C)$50,400
• D)$126,000
• E)$45,360

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Definitions:

Communication

The process of transmitting information, ideas, emotions, skills, and knowledge from one person or group to another through various means.

Homophobia

Negative attitudes, feelings, or actions directed towards homosexual individuals or homosexuality in general.

Empowerment Strategies

Approaches and methods that aim to increase individuals' or groups' control over their lives, decisions, and resources, fostering strength and confidence in their abilities.