What Is the Future Value of a 5-Year Ordinary Annuity

question 78

Multiple Choice

What is the future value of a 5-year ordinary annuity with annual payments of $200,evaluated at a 15 percent interest rate?

• A) $670.44
• B) $842.91
• C) $1,169.56
• D) $1,522.64
• E) $1,348.48

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Definitions:

Peer Influence

Peer influence encompasses the effect that group norms, values, or behaviors have on an individual's decisions and actions.

Family Strength

A concept referring to the positive attributes and resources within a family that enhance well-being and resilience among its members.

Religiosity

The degree of one's religious belief, practice, and involvement within a religious tradition.

School Adjustment

The process by which students adapt to their school environment, encompassing academic, social, and psychological aspects, influencing their overall educational experience and success.