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

question 163

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)$28,973
• B)$31,291
• C)$14,494
• D)$13,420

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Definitions:

Polysaccharide

Large molecules composed of many sugar molecules bonded together, serving as energy stores or structural components in living organisms.

Pro-protein

An inactive precursor molecule that must be modified to become an active protein.

Nucleotides

Organic molecules that are the building blocks of nucleic acids like DNA and RNA; consisting of a nitrogenous base, a sugar, and one or more phosphate groups.

DNA Replication

The process by which a cell duplicates its DNA, ensuring each new cell receives an exact copy.