The Future Value of an Ordinary Annuity of $2,000 Each

question 45

Multiple Choice

The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12 percent, is ________.

• A) $39,310
• B) $35,098
• C) $20,000
• D) $11,300

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Definitions:

Hippocampus

A region of the brain involved in the formation of new memories and is also associated with learning and emotions.

Cortex

The outermost layer of the brain, involved in high-level functions such as consciousness, thought, emotion, reasoning, language, and memory.

Permanent Storage

The long-term preservation of information or data, typically in a way that it remains accessible for future reference.

Hippocampus

A critical part of the brain that plays a vital role in the creation of memories and the ability to navigate space.