Find the Future Value of an Annuity If You Invest

question 20

Multiple Choice

Find the future value of an annuity if you invest $800 semiannually for 2.5 years at 5.5% compounded semiannually.

• A) $4226.13
• B) $4326.25
• C) $4205.88
• D) $4276.63

---

Definitions:

Delegating Decision Making

The process by which authority to make certain decisions is transferred from one individual, often a manager, to another person or group.

Integration

The process of combining separate parts or elements into a whole, often used in the context of systems, businesses, and technologies to improve efficiency or coherence.

Common Goals

Objectives shared by members of a group that provide a common direction and unite their efforts.

Mechanistic Organization

A highly structured and formal organization, often characterized by centralized decision-making and a rigid hierarchy.