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:

Deindividuation

A psychological state where an individual loses their self-awareness and sense of individuality, often leading to uncharacteristic behavior, usually as a result of being in a large group.

Self-Awareness

Acquaintance with one's own character aspects, feelings, aims, and desires.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, especially after group discussions.

White Supremacists

Individuals or groups who believe that white people are superior to those of other races and should have control over others.