Present and Future Value Tables of $1 at 9% Are

question 3

Multiple Choice

Present and future value tables of $1 at 9% are presented below.

-Claudine Corporation will deposit $5,000 into a money market sinking fund at the end of each year for the next five years. How much will accumulate by the end of the fifth and final payment if the sinking fund earns 9% interest?

• A) $32,617.
• B) $29,924.
• C) $27,250.
• D) $26,800.

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Definitions:

Rate of Adherence

The extent to which a person's behavior in taking medication, following a diet, or executing lifestyle changes corresponds with agreed recommendations from a healthcare provider.

Nonadherence Rate

The percentage of individuals failing to follow prescribed treatment plans or medication regimens.

Pill Cap Microprocessor

A technological device embedded in a pill's cap to monitor medication usage and improve adherence to prescribed treatment plans.

Monitoring Medication

The regular observation and recording of a patient’s medication regimen to ensure proper usage and effectiveness.