Mark Invests in a 10-Year Annuity with an Initial Payment

question 21

Multiple Choice

Mark invests in a 10-year annuity with an initial payment of $20,000,that grows at 4% per year.What is the future value of this annuity,if the interest rate is 8%?

• A)$200,000
• B)$339,340.36
• C)$157,180.24
• D)$162,217.92
• E)$350,216.31

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently, often regarded as a critical aspect of personal freedom.

Dominance

Refers to the phenomenon where one allele masks the expression of another allele at the same locus in heterozygous individuals.

Biological Needs

Basic physiological requirements essential for maintaining life and health, such as food, water, air, and shelter.

Homeostasis

The ability of an organism or environment to maintain stability in response to changes.