What Is the Future Value of a 5-Year Ordinary Annuity

question 78

Multiple Choice

What is the future value of a 5-year ordinary annuity with annual payments of $200,evaluated at a 15 percent interest rate?

• A) $670.44
• B) $842.91
• C) $1,169.56
• D) $1,522.64
• E) $1,348.48

---

Definitions:

Treatment Philosophy

The set of beliefs and principles that guide how a healthcare provider approaches diagnosis, treatment, and care of patients.

Alcoholics Anonymous

A fellowship of individuals who share their experience, strength, and hope with each other to solve their common problem and help others to recover from alcoholism.

Disease Model

A model that views psychiatric disorders as similar to physical diseases, usually with an identifiable cause, predictable progression, and potential for treatment or prevention.

Abstinence

The act of refraining from indulging in an activity or consuming a substance, especially alcohol or other drugs.