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

question 37

Multiple Choice

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

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

---

Definitions:

Work Experience

A record of employment history, highlighting roles held, responsibilities, skills acquired, and achievements.

Leadership and Teamwork

The skills and attributes necessary to guide groups towards achieving a common goal effectively and harmoniously.

Achievements

Accomplishments or successful completion of tasks, often recognized in professional or personal contexts.

Accomplished

Having successfully completed or achieved a task, goal, or action, usually through skill or effort.