What Is the Future Value of a $1,000 Annuity Payment

question 62

Multiple Choice

What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?

• A) $3,312.10
• B) $4,320.00
• C) $4,506.11
• D) $9,214.20

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Definitions:

Unions

Organizations formed by workers from related fields that work together to protect and advance their rights and interests.

Laboratory Setting

A controlled environment designed for scientific research, experiments, or testing.

Therbligs

The 18 basic motions used in motion study, developed by Frank and Lillian Gilbreth, to analyze the physical movements needed to perform a task efficiently.

Methods Time Measurement

A predetermined motion time system that is used to analyze the methods used by employees in the workplace, aiming to increase productivity by minimizing time waste.