What Is the Future Value of $12,000 a Year for 25

question 40

Multiple Choice

What is the future value of $12,000 a year for 25 years at 12 percent interest?

• A)$878,406
• B)$1,600,006
• C)$1,711,414
• D)$1,989,476
• E)$2,021,223

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Definitions:

Outpouching

A bulging or protrusion of a part of an organ or tissue.

Bony Fish

Fish that possess a skeleton primarily composed of bone tissue, as opposed to cartilage.

Dense Irregular Connective Tissue

A type of connective tissue with densely packed fibers arranged in a disorderly fashion, providing strength and flexibility to structures like the dermis.

Fibroblasts

Cells in connective tissue that produce collagen and other fibers, playing a key role in healing wounds.