You Are Going to Pay $800 into an Account at the Beginning

question 23

Multiple Choice

You are going to pay $800 into an account at the beginning of each of 20 years.The account will then be left to compound for an additional 20 years.At the end of the 41st year you will begin receiving a perpetuity from the account.If the account pays 14%,how much will you receive each year from the perpetuity (round to nearest $1,000) ?

• A)$140,000
• B)$150,000
• C)$160,000
• D)$170,000

Differentiate between types of thinking and models in psychology.

Comprehend how concepts and prototypes are formed and used.

Recognize cognitive capacities and communication methods in animals.

Apply appropriate strategies for solving mathematical and logical problems.

---

Definitions:

Taxation

The process by which governments impose financial charges on individuals or entities, which funds public spending and services.

Voluntarily Pay

A scenario where payments are made without legal obligation, often as a gesture of goodwill or charity.

Antitrust Laws

Prohibitions against price fixing and other anticompetitive practices.

Collusion

An agreement between two or more parties, usually firms, to limit competition by setting prices, production levels, or dividing markets, often in a way that breaches antitrust laws.