What Is the Future Value in Year Four of an Ordinary

question 109

Multiple Choice

What is the future value in year four of an ordinary annuity cash flow of $6,000 per year at an interest rate of 12.00% per year?

• A)$90,154.83
• B)$93,761.02
• C)$28,675.97
• D)$32,117.08

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Definitions:

Replicable

Describes a study or experiment whose results can be achieved again when the study is repeated under the same conditions.

Replicable

Capable of being repeated or duplicated under similar conditions to achieve a similar result.

Independent Variables

Variables in a scientific experiment that are manipulated or changed by the researcher to determine their effect on the dependent variable.

Clever Hans

Refers to a case study from early 20th century of a horse that was claimed to perform arithmetic and other intellectual tasks, later found to be responding to involuntary cues from humans.