Ordinary Simple Annuity Future Value
Authored by Eugene Salcedo
Mathematics
11th Grade
CCSS covered
Used 6+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the future value of an ordinary simple annuity with a payment of $1000 per year, an interest rate of 5%, and a time period of 10 years.
The future value of the annuity is $12,578.86.
The future value of the annuity is $10,000.
The future value of the annuity is $8,000.
The future value of the annuity is $15,000.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.REI.B.3
CCSS.HSA.REI.A.1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the annual payment for an ordinary simple annuity is $2000, the interest rate is 8%, and the time period is 5 years, what is the future value?
The future value is $11,469.92.
The future value is $9,000.
The future value is $12,500.
The future value is $10,000.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person deposits $500 at the end of each year into an account that pays 6% interest. What will be the future value after 8 years?
$3,000.00
$5,000.00
$4,000.00
$4,661.84
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the future value of an ordinary simple annuity with an annual payment of $1500, an interest rate of 4%, and a time period of 12 years?
The future value of the annuity is $15,000
The future value of the annuity is $25,000
The future value of the annuity is $21,731.84
The future value of the annuity is $10,000
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the annual payment for an ordinary simple annuity is $3000, the interest rate is 7%, and the time period is 8 years, what is the future value?
The future value is $25,000.
The future value is $30,000.
The future value is $20,000.
The future value is $35,000.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the future value of an ordinary simple annuity with a payment of $1200 per year, an interest rate of 3.5%, and a time period of 15 years.
The future value of the annuity is $10,000.
The future value of the annuity is $15,000.
The future value of the annuity is $25,000.
The future value of the annuity is $21,720.96.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.REI.B.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person deposits $800 at the end of each year into an account that pays 5% interest. What will be the future value after 6 years?
$5,139.50
$3,000.25
$6,500.75
$4,200.00
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
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