Janice Hardin Sets Aside $5,000 Each Year for 10 Years

question 71

Multiple Choice

Janice Hardin sets aside $5,000 each year for 10 years.She then withdraws the funds on an equal annual basis for the next 10 years.The two tables she should use in the correct order are:

• A) present value of an annuity of $1; future value of an annuity of $1.
• B) future value of an annuity of $1; present value of an annuity of $1.
• C) future value of an annuity of $1; present value of $1.
• D) future value of an annuity of $1; future value of $1.

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Definitions:

Major Rivers

Large, significant rivers that have considerable length, water volume, and drainage area, playing crucial roles in their regional ecosystems and human economies.

Transform Boundary

A type of tectonic plate boundary where two plates slide horizontally past each other, often causing earthquakes.

Reverse Fault

A type of fault where the hanging wall moves upward relative to the footwall, typically occurring at convergent plate boundaries.

Continental Rift

A linear zone where the Earth's crust and lithosphere are being pulled apart and is an early stage of continental breakup.