Find the Future Value of an Ordinary Annuity of $66

question 120

Multiple Choice

Find the future value of an ordinary annuity of $66 paid quarterly for 6 years, if the interest rate is 8%, compounded quarterly. Round your answer to the nearest cent. ​

• A)$2,579.45
• B)$2,007.84
• C)$2,179.60
• D)$5,307.84
• E)$501.96

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Definitions:

Attitudes

Attitudes are relatively enduring sets of beliefs and feelings toward a person, object, or event, influencing an individual's emotional responses and behaviors.

Self-Perception Theory

A theory suggesting that individuals determine their attitudes and preferences by interpreting the meaning of their own behavior.

Lens Model

A psychological framework used to explain how individuals make judgments under conditions of uncertainty.

Attribution Theory

A concept in psychology that explains how individuals infer the causes of their own and other people's behavior.