What Is the Present Value of an Ordinary Annuity Consisting

question 46

Multiple Choice

What is the present value of an ordinary annuity consisting of 15 annual payments of $50 with an interest rate of 3.5% p.a.compounded quarterly?

• A)$575.87
• B)$3,486.36
• C)$1,159.29
• D)$2,326.24

---

Definitions:

Marketing Strategy

A business's overall game plan for reaching potential consumers and turning them into customers of their products or services.

Office Supplies

Items and equipment used in offices for proper functioning and operations, including stationary, computers, and furniture.

Segment Adoption Percentage

The proportion of a market segment that has adopted or started using a particular product or service.

Purchase Behavior

The actions and decisions that lead consumers to buy products or services, influenced by factors such as personal preferences, social influences, and marketing.