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:

Expression

An instruction that combines values and operators and always produces another value.

Right To Left Associativity

The order in which operators of the same precedence level are evaluated, from right to left, in some programming languages.

Conditional Statement

A programming statement that executes a block of code based on whether a specified condition evaluates to true or false.

Compound Statement

A series of statements enclosed by braces that are executed sequentially in programming.