The Future Value of a $2,000 Annuity Due Deposited at 8

question 94

Multiple Choice

The future value of a $2,000 annuity due deposited at 8 percent compounded annually for each of the next 10 years is

• A) $28,974.
• B) $31,292.
• C) $14,494.
• D) $13,420.

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Definitions:

Talus Slope

A steep slope composed of loose rock fragments, that is, talus.

Scoria Cones

Small, steep-sided volcanic cones made of basaltic fragments and ash, typically formed around a single eruptive vent.

Weathered Rock

Rock that has been changed physically or chemically by the action of weather, water, or biological organisms.

Precipitation

Any form of water - liquid or solid - falling from the sky, including rain, snow, sleet, and hail.