If an 8-Year Annuity Due Has a Future Value (FV)of

question 73

Multiple Choice

If an 8-year annuity due has a Future Value (FV) of $10,000 and the interest rate is 7%, what is the amount of each annuity payment?

• A)Less than $900
• B)$901 - $925
• C)$926 - $950
• D)$951 - $975
• E)More than $975

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Definitions:

Human Motivation

The psychological forces that determine the direction of a person's behavior in an organization, a person's level of effort, and a person's level of persistence.

Motivation Levels

describe the degree or intensity of a person's willingness or desire to engage in or perform a particular activity or behavior.

Satisfied Need

A psychological or physiological requirement that has been fulfilled, contributing to an individual's well-being and motivation.

Rhetoric Tools

Techniques used in speaking or writing to persuade, inform, or entertain an audience.