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

question 45

Multiple Choice

The future value of an annuity of $1,000 each quarter for 10 years, deposited at 12 percent compounded quarterly is

• A) $17,549
• B) $75,401
• C) $93,049
• D) $11,200

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Definitions:

Mental Ability

Refers to the intellectual capability and efficiency of the brain to process information, solve problems and make decisions, analogous to cognitive ability.

Bender Gestalt II

A psychological assessment tool used to evaluate visual-motor integration skills, often used to detect developmental disorders.

Scoring System

A set of criteria used to evaluate performance or outcomes, typically in tests, competitions, or assessments.

Reliability and Validity

Key measures in research and testing, where reliability refers to consistency across time or different observers, and validity measures the accuracy and truthfulness of a test or research finding.