Using the Annuity Rule, It Follows That an Annuity with a Present

question 19

Multiple Choice

Using the annuity rule, it follows that an annuity with a present value of $100 and an annual payment of $20 must have an interest rate of:

• A)2 percent.
• B)5 percent.
• C)10 percent.
• D)20 percent.

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Definitions:

Steal

The act of taking someone else's property without permission or legal right.

Superego

In Freudian psychoanalysis, a part of the personality that acts as a moral center, guiding behavior in accordance with learned social norms.

Conscience

Part of The Superego That Produces Guilt, depending on how acceptable behavior is.

Freud's Personality Theory

A theory proposed by Sigmund Freud that suggests personality is formed through conflicts among three fundamental structures of the human mind: the id, ego, and superego.