The IF for the Future Value of an Annuity Is

question 2

Multiple Choice

The IF for the future value of an annuity is 4.641 at 10% for 4 years. If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be?

• A) $2,500
• B) $2,000
• C) $1,724
• D) none of these

---

Definitions:

Barrier

An obstacle or obstruction that prevents or restricts movement, progress, or access.

Full-time Employment

A form of employment where individuals work a standard work week, typically consisting of 35-40 hours, offering stability and benefits.

Child Care

The provision of care and education to children by individuals outside the immediate family setting, focusing on development and well-being.

Double Standard

The application of different sets of principles for similar situations, or to different people, in a way that is unfair or unethical.