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:

Annual Population Growth

Annual Population Growth refers to the rate at which the number of individuals in a population increases in a year, considering factors such as birth rates, death rates, and migration.

Natural Capital

The world's stocks of natural assets which include geology, soil, air, water, and all living organisms, and its ecosystem services that provide us with life-supporting services.

Sunlight

The light and energy that comes from the Sun, essential for photosynthesis in plants and influencing Earth's weather and climate.