The Interest Factor (IF) for the Future Value of an Ordinary

question 95

Multiple Choice

The interest factor (IF) for the future value of an ordinary annuity is 4.641 at 10% for four years. If we wish to accumulate $8,000 by the end of four years, how much should the annual payments be?

• A) $2,500
• B) $2,000
• C) $1,724
• D) $37,128

---

Definitions:

Marital Satisfaction

The degree to which individuals feel content and fulfilled in their marriage or marital relationship.

Teenage Years

The period of life between childhood and adulthood, typically considered to be the ages from 13 to 19, marked by significant physical, psychological, and social changes.

Begins to Increase

Refers to the initial stage at which a quantity starts growing or rising.

Reproductive Technologies

Reproductive technologies encompass the medical and technological methods used to assist people in achieving pregnancy, such as in vitro fertilization (IVF).