Present Value of 1 Future Value of 1

question 24

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 his grandchildren.He plans to invest $10,000 annually at the end of each year.He expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%.What will be the total value of the fund at the end of 10 years?

• A)$46,320
• B)$67,107
• C)$100,000
• D)$144,870
• E)$215,890

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Definitions:

Skewed

A distribution that is not symmetrical around its central value, indicating that the data points tend to be more spread out on one side of the scale.

Student t

A distribution that is used in hypothesis testing, especially for small sample sizes, when the population standard deviation is unknown.

χ

This commonly represents the Greek letter chi, which can denote a variable, statistic, or characteristic in various scientific fields. Without further context, a specific definition cannot be provided.

Negative Values

Numbers that are less than zero, often representing a deficit or decrease in mathematical calculations or data sets.