Future Value of an Annuity: Jayadev Athreya Has Started on His

question 59

Multiple Choice

Future value of an annuity: Jayadev Athreya has started on his first job. He plans to start saving for retirement early. He will invest $5,000 at the end of each year for the next 45 years in a fund that will earn a return of 10 per cent. How much will Jayadev have at the end of 45 years? (Round to the nearest dollar.)

• A) $2,667,904
• B) $3,594,524
• C) $1,745,600
• D) $5,233,442

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Definitions:

Interruptions

Unplanned or unexpected disturbances that break the continuity of an activity or conversation.

"You" Attitude

A communication style that focuses on and prioritizes the needs, interests, and feelings of the audience.

Audience-centered Approach

A method of communication that tailors the message to the interests, needs, and expectations of the intended audience to ensure effectiveness.

Medium

A means or channel through which information is communicated or transmitted, such as print, digital, or broadcast.