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

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Definitions:

Amygdala

A small, almond-shaped set of neurons located in the brain's temporal lobe, involved in processing emotions such as fear and pleasure.

Aggressive Tendencies

Inclinations or predispositions towards acting or reacting with hostility or violence towards others or oneself.

Y Chromosome

A sex chromosome typically present in males, determining male biological characteristics.

Genetic Marker

A DNA sequence with a known physical location on a chromosome that can be associated with a particular gene or trait.