Find the Value of an Investment After Four Years on $6,000

question 6

Essay

Find the value of an investment after four years on $6,000 made quarterly at 8% for (A) an ordinary annuity and (B) an annuity due.
A. $111,835.20
B. $114,072

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Definitions:

Negative Correlation

An association between two variables characterized by the increase of one variable leading to the decrease of the other, and the opposite is also true.

Inverse Relationship

An inverse relationship is a correlation between two variables where one variable increases as the other decreases, and vice versa.

Expectation of Drinking

The anticipation or belief about the effects that alcohol will have, which can influence an individual's drinking behavior and experience.

Aggression

Actions designed to injure or threaten someone, either through physical acts or spoken words.