Find the Future Value of the Ordinary Annuity

question 24

Multiple Choice

Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.
-PMT = $7,500, i = 3% interest compounded semiannually for 3 years

• A) $46,721.63
• B) $38,642.00
• C) $546,721.63
• D) $265,225.00

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Definitions:

Stomatitis

Inflammation of the mouth and lips, which can result in soreness, ulcers, and swelling, often caused by infections, irritants, or underlying diseases.

Bolus

A small rounded mass of substance, especially of chewed food at the moment of swallowing.

Chyme

The semi-fluid mass of partly digested food that moves from the stomach to the small intestine.

Anabolism

The constructive part of metabolism concerned with the building up of complex molecules from simpler ones.