Assume You Are to Receive a 10-Year Annuity with Annual

question 130

Multiple Choice

Assume you are to receive a 10-year annuity with annual payments of $1000.The first payment will be received at the end of Year 1,and the last payment will be received at the end of Year 10.You will invest each payment in an account that pays 9 percent compounded annually.Although the annuity payments stop at the end of year 10,you will not withdraw any money from the account until 25 years from today,and the account will continue to earn 9% for the entire 25-year period.What will be the value in your account at the end of Year 25 (rounded to the nearest dollar) ?

• A) $48,359
• B) $35,967
• C) $48,000
• D) $55,340

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Definitions:

Anxious Patient

A patient experiencing feelings of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Outpatient Diabetic Center

A healthcare facility that provides education, treatment, and support services for individuals with diabetes who do not require hospital admission.

Disease Management

A systematic approach to improving health care for individuals with chronic conditions through coordinated care interventions and communications.

Insulin Administration

The process of delivering insulin into the body, usually through injections or an insulin pump, to manage diabetes.