You Will Receive a Stream of Payments BEGINNING at the End

question 37

Multiple Choice

You will receive a stream of payments BEGINNING at the end of year 1 and the amount will increase by $10 each year until the final payment at the end of year 5.If the first payment is $50,what amount will you have at the end of year 5 if you can invest all amounts at a 7% interest rate?

• A) $350.00
• B) $374.50
• C) $394.79
• D) $422.43

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Definitions:

RAID 0

A disk storage configuration that stripes data across multiple disks for improved performance but does not provide redundancy.

Performance

The efficiency and speed with which a computer or software functions, typically measured in terms of processing speed and resource consumption.

Connector

A device used to join electrical terminations and create an electrical circuit; connectors come in various sizes and shapes for different purposes.