Ted Williams Made Deposits of $500 at the End of Each

question 76

Multiple Choice

Ted Williams made deposits of $500 at the end of each year for eight years. The rate is 8% compounded annually. The value of Ted's annuity at the end of eight years is (use the tables in the handbook) :

• A)$5,318.30
• B)$4,318.30
• C)$2,837.03
• D)$2,873.30
• E)None of these

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Definitions:

Skinner

B.F. Skinner, an American psychologist known for his work in behaviorism and the development of the operant conditioning theory.

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