Regular Contributions of $200 Are Made at the End of Each

question 103

Multiple Choice

Regular contributions of $200 are made at the end of each month for five years into a savings account earning interest at 4% compounded quarterly. The annuity can be classified as

• A) ordinary general annuity
• B) ordinary annuity due
• C) ordinary simple annuity
• D) perpetuity
• E) this is not an annuity

---

Definitions:

Original Construction

Refers to the initial process and materials used in the creation of a structure or building at the time of its original development.

Pietra Dura

Stonework inlaid with precious and semiprecious stones.

Taj Mahal

An iconic ivory-white marble mausoleum in Agra, India, built by Mughal Emperor Shah Jahan in memory of his wife Mumtaz Mahal.

Inlaid Decorative Stonework

The art of creating designs or patterns on objects, especially floors and walls, by setting pieces of stone, marble, or other materials into a surface.