Future Value of an Annuity What Is the Future Value

question 20

Multiple Choice

Future Value of an Annuity What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?

• A)$3312.10
• B)$4320.00
• C)$4506.11
• D)$9214.20

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Definitions:

Capital Shares

Equity securities that represent ownership in a corporation, entitling the shareholder to a share of the company's profits.