You Start an Annuity with $1million and Expect to Receive

question 17

Multiple Choice

You start an annuity with $1million and expect to receive 12 equal payments beginning at the end of the first year.The guaranteed annual interest rate is 6 percent.The annual payments that you expect to collect are

• A)$88,333.33.
• B)$119,277.03.
• C)$59,638.51.
• D)$56,262.75.

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Definitions:

Medical Assistant

A healthcare professional who supports physicians by performing administrative and clinical tasks in medical offices, clinics, and hospitals.

Patient's Medical Record

A comprehensive document containing a patient's health history, treatment plans, and medical care received over time.

CHEDDAR Format

A method of organizing medical records based on Chief Complaint, History, Examination, Details, Drugs and dosages, Assessment, and Return visit, facilitating comprehensive patient documentation.

Diagnosis

Recognizing the character of a disorder or problem by evaluating the signs.