A Sequence of Yearly Payments of $2000 Is Invested at the End

question 400

Multiple Choice

A sequence of yearly payments of $2000 is invested at the end of every compounding period, where interest is compounded semi-annually at 2%. What is the total amount of the annuity at the end of 6 years?

• A) $138,047.51
• B) $125,365.01
• C) $53,648.36
• D) $25,365.01

---

Definitions:

Phantom Limb Pain

The sensation of pain that an amputee feels in the area of the removed limb, even though the limb is no longer there.

Amitriptyline (Elavil)

A tricyclic antidepressant used to treat mental/mood disorders such as depression, offering pain relief in certain syndromes as well.

Spinal Surgical Instrumentation Placement

A medical procedure involving the installation of medical devices into or around the spine to stabilize it and support healing.

Chest Tube

A medical device inserted into the pleural space to remove air, fluid, or pus, often used after surgery or trauma to the chest.