If the Future Value of an Ordinary, 11 Year Annuity

question 78

Multiple Choice

If the future value of an ordinary, 11 year annuity is $5,575 and interest rates are 5.5%, what is the future value of the same annuity due?

• A) $5,619.52
• B) $5,769.06
• C) $5,881.63
• D) $5,947.88

---

Definitions:

Justice Department

A federal executive department responsible for enforcing the laws of the United States, overseeing legal affairs, and ensuring justice.

Administrative Bodies

Organizations or agencies responsible for implementing rules and regulations and overseeing a particular sector or aspect of society.

Federal Trade Commission

A United States federal agency established to promote consumer protection and eliminate and prevent anti-competitive business practices.

Antitrust Laws

Antitrust laws are regulations that promote competition by restricting monopolistic practices and corporate acquisitions that might substantially reduce market competition.