If the Future Value of an Ordinary, 5-Year Annuity Is

question 135

Multiple Choice

If the future value of an ordinary, 5-year annuity is $100,000 and interest rates are 5 percent, what is the future value of the same annuity due?

• A) $95,238.10
• B) $100,000.00
• C) $105,000.00
• D) $107,000.00

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Definitions:

Human Diversity

The vast range of differences among humans, including but not limited to race, ethnicity, gender, age, sexual orientation, and physical abilities.

Cross-Sequential Research

A research method that combines both cross-sectional and longitudinal designs to analyze variables over time in several groups of different ages.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their thoughts, feelings, and behaviors.

Freud

Sigmund Freud, an Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue.