What Is the Future Value of a 5-Year Ordinary Annuity

question 78

Multiple Choice

What is the future value of a 5-year ordinary annuity with annual payments of $200,evaluated at a 15 percent interest rate?

• A) $670.44
• B) $842.91
• C) $1,169.56
• D) $1,522.64
• E) $1,348.48

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Definitions:

Democratic Government

A form of government in which power is vested in the hands of the people, directly or through freely elected representatives, and operates based on principles of majority rule and individual rights.

Independent Expenditures

Money spent by individuals or organizations to support or oppose political candidates or issues without coordination with the candidates or their campaigns.

Political Campaigns

Organized efforts to influence the decision-making process within a specific group, often associated with candidates running for political office.

Political Action Committees (PACs)

Organizations that collect funds to donate to political campaigns or to spend on issues and activities to influence government policy.