If the Future Value of an Ordinary, 4-Year Annuity Is

question 47

Multiple Choice

If the future value of an ordinary, 4-year annuity is $1,000 and interest rates are 6 percent, what is the future value of the same annuity due?

• A) $943.40
• B) $1,000.00
• C) $1,040.00
• D) $1,060.00

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Definitions:

CENAPS

An acronym for the Center for Applied Sciences, which develops models and strategies for the treatment of addiction and related disorders.

Disease Model

A framework that views addiction as a chronic, relapsing disease with biological, psychological, and environmental factors influencing its development and manifestations.

Outcome Expectancies

Beliefs about the probable outcomes of certain behaviors or treatments in psychology and health sciences.

Marlatt's Model

A cognitive-behavioral approach to understanding and preventing relapse in addiction recovery, focusing on coping strategies and lifestyle changes.