What Is the Present Value of a $1,000 Per Year

question 92

Multiple Choice

What is the present value of a $1,000 per year annuity for five years at an interest rate of 12 percent?

• A)$6,352.85
• B)$3,604.78
• C)$567.43
• D)$2,743.28

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Definitions:

Empathy

The ability to understand and share the feelings of another person from their perspective.

Stimulation

The activity of encouraging or arousing interest or enthusiasm in a person or bodily organ.

Sharing

The act of dividing and distributing resources or experiences among individuals or groups.

Plagiarism

The practice of taking someone else's work or ideas and passing them off as one's own.