An Annuity Pays $50 Per Year for 20 Years

question 12

Multiple Choice

An annuity pays $50 per year for 20 years.What is the future value (FV) of this annuity at the end of those 20 years,given that the discount rate is 7%?

• A)$326.44
• B)$684.76
• C)$1524.24
• D)$2049.77

Realize the significance of milestones in project management and how to effectively celebrate these achievements.

Acknowledge the necessity of revising major decisions and the methods to do so.

Understand the role of project leadership in reinforcing team achievements during celebrations.

Understand the roles and responsibilities of project stakeholders, including project managers, sponsors, and quality managers.

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Definitions:

Somatosensory Cortex

A region of the brain responsible for processing sensory information from various parts of the body.

Steady Rhythm

A consistent, repetitive pattern of beats or sounds that maintains a regular pace over time.

Medulla

A term often referring to the inner core of certain organs or structures, such as the medulla oblongata in the brain or the adrenal medulla.

Cognitive Processes

Mental actions or operations that involve thinking, reasoning, problem-solving, and the processing of information.