Which of the Following Decisions Would Involve the Use of the Future

question 13

Multiple Choice

Which of the following decisions would involve the use of the future value of a $1 ordinary annuity table?

• A) Your brother buys your car and offers to pay you $500 now or $1,500 in two years.
• B) You win a lawsuit and are offered a lump-sum payment today of $100,000 or $15,000 a year for 20 years.
• C) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college in 4 years.
• D) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday.

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Definitions:

Retrograde Pyelogram

A type of X-ray examination of the urinary system that involves injecting a contrast agent to view the ureters, bladder, and kidneys.

Urinary Tract

The system in the human body consisting of the kidneys, ureters, bladder, and urethra involved in the production and excretion of urine.

Sterile Catheter

A medical device used to drain fluids from or administer fluids to the body, sterilized to eliminate any microbes and minimize the risk of infection.

Lower GI Series

A medical procedure involving X-rays of the lower gastrointestinal tract to diagnose issues in the colon and rectum.