The Future Value of an Ordinary Annuity of $1,000 Each

question 22

Multiple Choice

The future value of an ordinary annuity of $1,000 each year for 10 years,deposited at 3 percent,is: (Round to the nearest whole dollar)

• A) $11,808
• B) $11,464
• C) $8,530
• D) $10,000

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Definitions:

Artifact Theory

The concept that differences observed in psychological research may result from artificial circumstances of the study rather than the phenomena themselves.

Body Dissatisfaction

A negative subjective evaluation of one's body weight or shape.

Troubled Marriages

Marital relationships that are characterized by persistent conflicts, dissatisfaction, and/or dysfunction.

Depressive Disorder

A category of mood disorders characterized by persistent feelings of sadness, emptiness, or hopelessness.