What Is the Future Value of $12,000 a Year for 25

question 40

Multiple Choice

What is the future value of $12,000 a year for 25 years at 12 percent interest?

• A)$878,406
• B)$1,600,006
• C)$1,711,414
• D)$1,989,476
• E)$2,021,223

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Definitions:

Dissociative Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Hypomanic Episode

A period of persistently elevated, expansive, or irritable mood that is less severe than manic episodes but still noticeable.

Obsessive-Compulsive Disorder

A mental health disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions).

Mysophobia

An irrational fear of germs or dirt, leading to excessive cleanliness and avoidance behaviors.