If the Current Rate of Interest Is 8%,then the Future

question 63

Multiple Choice

If the current rate of interest is 8%,then the future value 20 years from now of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$45,762.
• B)$36,725.
• C)$9818.
• D)$93,219.

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Definitions:

Posttraumatic Stress Disorder

A psychological disorder that arises after exposure to or being part of a distressing event, leading to intense stress, recurring nightmares, and vivid flashbacks.

Phobic Disorder

A psychiatric condition characterized by an irrational and excessive fear of an object, place, situation, or activity leading to avoidance behavior.

Sexual Promiscuity

Engagement in sexual activities with multiple partners or the frequent changing of sexual partners without following monogamy.

Multiple Children

Refers to a family unit having more than one child, which may influence the dynamics, parenting styles, and resources allocation within the family.