5-Year Regular Annuity Has a Present Value of $1,000,and If

question 43

Multiple Choice

5-year regular annuity has a present value of $1,000,and if the interest rate is 10%,what is the amount of each annuity payment?

• A) $240.42
• B) $263.80
• C) $300.20
• D) $315.38
• E) $346.87

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Definitions:

AMID

An acronym that could refer to various meanings depending on the context but is not established as a standard psychological term.

Imitation

The act of mimicking or replicating someone else's behavior, actions, or expressions, either consciously or subconsciously, as a form of learning or social interaction.

Detention

The act of detaining someone or the state of being detained in a specific context, such as in schools as a form of punishment, or in immigration or law enforcement.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, and inhibition of nearly all voluntary muscles.