Find the Amount of an Annuity That Consists Of $15$ Annual Payments Of

question 95

Multiple Choice

Find the amount of an annuity that consists of $15$ annual payments of $\$ 200$
Each into an account that pays $12 \%$
Interest per year

• A) \(\$ 7855.94\)
• B) \(\$ 7455.94\)
• C) \(\$ 4455.94\)
• D) \(\$ 7545.49\)
• E) \(\$ 8455.49\)

---

Definitions:

Unionized Organization

A workplace where a labor union represents the interests of the employees in negotiations with management.

Reinstatement

The act of restoring someone or something to a previous position or status, often used in employment contexts when a job is returned to a previously terminated employee.

Arbitrator

A neutral third party chosen to resolve disputes between parties in an arbitration proceeding.

Statutory Right

A right granted and protected under a specific statute or law by a legislative body.