Computing Annuity Payment: Maricela Sanchez Needs to Have $25,000 in Five

question 74

Multiple Choice

Computing annuity payment: Maricela Sanchez needs to have $25,000 in five years. If she can earn 8 percent on any investment, what is the amount that she will have to invest every year at the end of each year for the next five years? (Round to the nearest dollar.)

• A) $5,000
• B) $4,261
• C) $4,640
• D) $4,445

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Definitions:

Osmoconformer

An animal in which the salt concentration of body fluids varies along with changes in the surrounding sea water so that it stays in osmotic equilibrium with its surroundings.

Osmoregulator

An organism that regulates its internal osmotic pressure, maintaining fluid and electrolyte balance despite external conditions.

Antidiuretic Hormone

A hormone released by the pituitary gland that regulates water retention in the body by increasing the concentration of solutes in the blood.

Collecting Ducts

Tubules in the kidneys that receive urine from the nephrons and transport it into the renal pelvis and ureter.