If the Future Value of an Ordinary, 4-Year Annuity Is

question 47

Multiple Choice

If the future value of an ordinary, 4-year annuity is $1,000 and interest rates are 6 percent, what is the future value of the same annuity due?

• A) $943.40
• B) $1,000.00
• C) $1,040.00
• D) $1,060.00

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Definitions:

Z-track Method

An injection technique used to minimize leakage of medication into the subcutaneous tissue and ensure the medicine is delivered into the muscle.

Subcutaneous Tissue

The layer of tissue lying immediately under the skin, containing fat and connective tissues that store energy and provide insulation and cushioning.

Irritating Sensitive Tissue

Describes actions or substances that cause discomfort, pain, or reactions in delicate areas of the body.

Dorsogluteal Injection Site

A location on the buttocks where injectable medications can be administrated into the muscle.