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

---

Definitions:

Frequencies

The number of occurrences of a repeating event per unit of time, often used in the context of sound waves or electromagnetic waves.

Virtual-Reality Goggles

Wearable devices that provide immersive digital experiences by simulating environments and visual perceptions.

Mannequin

A life-sized model of the human body, often used in retail to display clothes or in art for drawing reference.

Illusion

A perception that misleadingly represents reality.