Regular Contributions of $200 Are Made at the End of Each

question 103

Multiple Choice

Regular contributions of $200 are made at the end of each month for five years into a savings account earning interest at 4% compounded quarterly. The annuity can be classified as

• A) ordinary general annuity
• B) ordinary annuity due
• C) ordinary simple annuity
• D) perpetuity
• E) this is not an annuity

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Definitions:

Dependence

Dependence refers to a condition where an individual relies on a substance, activity, or another person for their psychological or physical well-being.

Moro Reflex

An involuntary response seen in infants, where they suddenly extend their arms and legs and cry when startled.

Startle Reflex

An involuntary reaction in response to a sudden, unexpected stimulus, usually a loud noise or a sudden movement, demonstrating the body's rapid defensive mechanisms.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing baby and removing waste products from the baby's blood.