An Annuity Will Pay You $5,000 Per Year for 25

question 26

Multiple Choice

An annuity will pay you $5,000 per year for 25 years.What is the FV of this annuity at the end of 25 years,if your interest rate is 8%?

• A)$126,207
• B)$365,530
• C)$125,000
• D)$135,000
• E)$53,374

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Definitions:

Empathetic Listening

involves deeply understanding and reflecting the feelings and meanings communicated by another person, beyond just the spoken words.

Casual Listening

Listening for enjoyment or entertainment without seeking to critically analyze or evaluate the content.

Selective Listening

The process of listening to only parts of a message or paying attention only to messages that align with one’s own interests or beliefs.

Discriminative Listening

The skill of listening with the aim of analyzing and evaluating the information being presented, often to discern subtle nuances.