Present Value of 1 Future Value of 1

question 68

Multiple Choice

Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest. What amount will they have available for their vacation at the end of 2 years?

• A)$8,000.00
• B)$8,960.00
• C)$8,892.30
• D)$8,240.00
• E)$8,487.20

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Definitions:

Congruent

In agreement or harmony; when two things align or match in terms of shape, size, or position.

Incongruent

Incongruent describes a state or expression that does not align with one's true feelings or thoughts, leading to dissonance and confusion.

Additive

A substance added to something in small quantities to improve or preserve it, often used in the context of food, chemicals, or materials.

Summarization Responses

These refer to concise restatements or encapsulations of content, aimed at capturing the essence of the information presented.