The Future Value of an Ordinary Annuity of $1,000 Each

question 89

Multiple Choice

The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is ________.

• A) $11,808.
• B) $11,464.
• C) $ 8,530.
• D) $10,000.

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Definitions:

Else Portion

In programming, the part of an if-else statement that executes if the if condition is not met.

If...Then...Else

A conditional statement used in programming and database applications for executing different actions based on whether a specified condition is true or false.

Else Statement

A part of conditional programming that defines the block of code to be executed if the condition in the "if" statement is not met.

ElseIf Statements

A conditional statement in programming used to specify a new condition to test if the previous condition(s) was false.