If the Interest Rate Is 7

question 27

Multiple Choice

If the interest rate is 7.4% per annum,compounding quarterly,what is the future value of a six-year ordinary annuity with quarterly payments of $4000?

• A) $28 903.12
• B) $85 938.40
• C) $62 647.89
• D) $103 126.09

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Definitions:

Outstanding Leadership

Exceptional guidance and direction provided by an individual or group to its members, often resulting in high levels of success and achievement.

Autonomous

Having the independence or freedom to make one's own decisions or to act without outside control.

Culturally Endorsed

Acknowledged and supported by a culture or society, often reflecting shared values or norms.

Outstanding Leadership

Exceptional ability to guide, influence, and inspire a group towards achieving goals and excellence.