The FV_IFA for the Future Value of an Annuity Is

question 96

Multiple Choice

The FV_IFA for the future value of an annuity is 4.641 at 10% for 4 years.If we wish to accumulate $8,000 by the end of 4 years,how much should the annual payments be?

• A) $2,500
• B) $2,000
• C) $1,724
• D) $2,200

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Definitions:

Manipulated

Altered, controlled, or handled skillfully or in a clever way, often to achieve a desired outcome or effect.

Experimental Group

In an experiment, the group of participants who are exposed to the independent variable to observe its effect.

Real Cigarettes

Tobacco products that are smoked and contain nicotine, as opposed to electronic cigarettes or other nicotine delivery systems.

Fake Cigarettes

Products designed to mimic the appearance and sometimes the sensation of smoking, often used as aids in quitting smoking.