Find the Value of the Annuity with the Following Characteristics

question 145

Multiple Choice

Find the value of the annuity with the following characteristics.
-Payments of $100 are made at the end of each year for 7 years at 4% interest compounded annually

• A) $3,289.83
• B) $789.83
• C) $663.30
• D) $316.33

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Definitions:

Philippine Identity

The collective sense of identity, characteristics, values, and beliefs shared by people in the Philippines.

Foreign Accent

A distinctive way of speaking a language that is influenced by the native language or dialect of the speaker, making them sound non-native.

Stereotypes

Oversimplified generalized ideas about a group of people that may not accurately reflect reality.

Social Identity

The individual's sense of who they are based on their group membership(s), highlighting the importance of societal groups in defining one's self-concept.