Exploring Savings Annuity Calculations

What is the daily deposit amount in the conservative investment account?

• $3

• $5

• $10

• $15

How much money is deposited daily into the account?

• $10

• $5

• $2

• $1

What is the annual interest rate for the investment account?

• 4%

• 3%

• 5%

• 2%

How often is the interest compounded according to the problem?

• Annually

• Monthly

• Daily

• Quarterly

What is the formula used to calculate the future value of the investment?

• FV = PV(1 + r)^t

• S = P(1 + r)^nt

• A = P(1 + r/n)^nt

• P = d(1 + r/n)^(nt) - 1 / (r/n)

How many years does the investment last?

• 5 years

• 20 years

• 15 years

• 10 years

What is the value of 'n' in the savings annuity formula used?

• 100

• 365

• 12

• 52

What is the total amount accumulated in the account after 10 years?

• $21,282.07

• $20,000.00

• $22,500.00

• $19,000.00

How much of the total amount is from the interest earned?

• $3,032.07

• $2,500.00

• $3,500.00

• $2,000.00

What is the total deposit amount over the 10 years without interest?

• $18,250

• $18,250.00

• $15,000

• $18,000