Find the Future Value of the Annuity

question 384

Multiple Choice

Find the future value of the annuity.
-There are payments of $100 at the end of each year for 10 years at 2% interest compounded annually

• A) $6094.97
• B) $975.46
• C) $1094.97
• D) $597.55

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Logical Definitions

Precise explanations of terms and concepts used within the context of logic to ensure clear understanding and avoid ambiguity.

Genus

In biology, a rank used in the classification of organisms, grouping together species that share common characteristics; in logic, a general class that encompasses specific instances.

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The characteristic or set of characteristics that distinguishes one species from another within a genus.

Genus

In biology and taxonomy, a rank used in the classification of organisms, grouping together species that share common characteristics.