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

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Definitions:

Work Environment

The setting, conditions, and culture in which an individual performs their job.

Work Experience

The accumulation of employment history and skills acquired by an individual over time.

Greater Flexibility

An increased ability to adapt or respond to changing conditions or situations without significant loss of functionality or efficiency.

Employment Manual

A firm’s handbook or written statement that specifies the policies and procedures that govern the firm’s employees and employer-employee relationships.