Mindy Deposited $1,875 Annually at a Rate of 3

question 38

Multiple Choice

Mindy deposited $1,875 annually at a rate of 3%. What was the amount of an ordinary annuity after 13 years?

• A) $29,283.36
• B) $28,388.33
• C) $5,795.44
• D) $120.06

---

Definitions:

Nonfinancial Rewards

Incentives or benefits given to employees or individuals that do not involve monetary compensation, such as recognition or career development opportunities.

Club Memberships

Subscription-based programs or services where members receive certain benefits, privileges, and access to exclusive events or products.

Job Knowledge

The understanding and expertise a person has about the specific duties, responsibilities, and requirements of their job role.

Job Satisfaction

The level of contentment individuals feel with their job roles, responsibilities, and work environment.