Round Your Answer to the Nearest Cent

question 9

Multiple Choice

Round your answer to the nearest cent.
-Find the 7-year future value of an ordinary annuity with a contribution of $100 per year into an account that pays 6% per year, compounded annually.

• A) $839.38
• B) $236.42
• C) $697.53
• D) $2506.05

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Definitions:

Evolutionary Perspective

A theoretical approach that explains behavior and mental processes through the lens of adaptation and natural selection.

Attachment

Attachment is a deep and enduring emotional bond that connects one person to another across time and space, particularly evident in the relationships between infants and caregivers.

Reciprocal Relationships

Mutual interactions or exchanges between two or more parties, where both or all individuals benefit from the relationship.

Develop

The process of growth or progression through successive phases, typically referring to physical, cognitive, or emotional maturation.