Find the Future Value of an Annuity with Monthly Deposits

question 95

Multiple Choice

Find the future value of an annuity with monthly deposits of $250, made over a period of eight years, with 6% interest compounded monthly.

• A) $13,721
• B) $23,205
• C) $23,292
• D) $30,707

---

Definitions:

Liden's Servant Leader

A leadership approach characterized by focusing on the growth and well-being of communities and the people within them, as studied and expanded upon by Robert C. Liden.

Empowering

Empowering involves giving individuals or groups the authority, confidence, and resources needed to make decisions, take action, and control their own work or lives.

Defining Characteristic

A quality or feature that distinctively identifies an individual, group, or thing.

Liden's Servant Leadership

A leadership approach focusing on serving others, prioritizing the growth, well-being, and development of followers above other goals.