What Is the Future Value of a $500 Annuity Payment

question 159

Multiple Choice

What is the future value of a $500 annuity payment over eight years if interest rates are 14 percent?

• A) $6,241.09
• B) $6,616.38
• C) $6,750.14
• D) $6,809.72

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Definitions:

Major Depressive Disorder

A mental health disorder characterized by persistent feelings of sadness, lack of interest in activities, and a range of emotional and physical symptoms.

Depressed Mood

A persistent feeling of sadness, hopelessness, and loss of interest, which can affect thoughts, behavior, feelings, and sense of well-being.

Daily Activities

Tasks and behaviors engaged in regularly, contributing to one's routine living.

Eating Disorder

A mental disorder characterized by abnormal eating habits that negatively affect a person's physical or mental health.