Round Your Answer to the Nearest Cent

question 34

Multiple Choice

Round your answer to the nearest cent.
-Find the 12-year future value of an ordinary annuity with a contribution of $1000 per year into an account that pays 6% per year, compounded annually.

• A) $33,536.61
• B) $3163.83
• C) $14,971.64
• D) $16,869.94

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Definitions:

Deliver In Person

The act of physically handing over a document or item directly to the intended recipient, rather than using mail or electronic means.

Justify

To provide reasons or evidence in support of an argument, action, or decision.

Direct Strategy

A communication approach that involves stating the main point or objective at the beginning, often used when the message is not contentious or when clarity is paramount.

Neutral Statement

A comment or statement that is unbiased and does not express a strong opinion or lean towards any particular stance or viewpoint.