Use Table 12-1 from Your Text to Calculate the Future

question 87

Short Answer

Use Table 12-1 from your text to calculate the future value of the ordinary annuity, rounding to the nearest cent: $$\begin{array} { l l l l l l } \text { Annuity } & \text { Payment } & \text { Time } & \text { Nominal } & \text { Interest } & \text { Future Value of } \\\text { Payments } & \text { Frequency } & \text { Period } & \underline { \text { Rate } } & \text { Compounded } & \text { the Annuity } \\\$ 1,000 & \text { every month } & 3 \text { years } & 6 \% & \text { monthly } &\end{array}$$

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Definitions:

Gregarious

Describes a personality trait characterized by the enjoyment of being around people and socializing.

Sociable

The quality of being friendly, outgoing, and willing to engage in social interactions.

Behavioral Measures

Tools or methods used to objectively observe, record, and assess behaviors as they occur, often used in psychological research and assessments.

Personality Traits

Enduring patterns of thought, feeling, and behavior that exhibit consistency across different situations and over time.