Future Value of an Annuity Due If the Future Value

question 53

Multiple Choice

Future Value of an Annuity Due If the future value of an ordinary,7-year annuity is $10,000 and interest rates are 4 percent,what is the future value of the same annuity due?

• A)$9,615.38
• B)$10,000.00
• C)$10,400.00
• D)$10,700.00

Recognize the elements and processes involved in socialization within an organization.

Identify the impact of organizational culture on performance and effectiveness.

Understand the relationship between organizational culture and diversity.

Recognize the role of heroes, rites, rituals, and symbols in the observable culture of an organization.

---

Definitions:

Profits

The financial gain obtained after subtracting all expenses, costs, and taxes from revenue.

Low-profit Limited Liability Companies

Business entities that blend nonprofit and for-profit elements, focusing on social goals while being able to generate profit.

Legislation

Laws or statutes enacted by a government's legislative body.

Limited Partnership Agreement

A contract among partners in which some are liable only up to the amount of their investments while others are fully liable.