Find the Future Value of the Annuity

question 264

Multiple Choice

Find the future value of the annuity.
-There are payments of $1000 at the end of each year for 15 years at 3% interest compounded annually

• A) $18,598.91
• B) $17,086.32
• C) $5041.97
• D) $51,932.25

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Definitions:

Electromagnetic

A specialized field of radiology that involves the use of both electrical and magnetic fields for diagnosis of disease processes.

Radiology

The medical specialty that uses imaging techniques, such as X-rays and MRI, to diagnose and treat diseases and injuries.

Magnetic Fields

Invisible fields that exert force on objects that possess magnetic properties or are moving electric charges.

Pelvic or Fetal Ultrasound

An imaging test that employs sound waves to capture visuals of a developing fetus inside the uterus or organs within the pelvic area.