What Is the Present Value of an Ordinary Annuity That

question 77

Multiple Choice

What is the present value of an ordinary annuity that pays $1,000 per year over each of the next twenty years if the discount rate is 10%? Round to the nearest whole dollar.

• A) $8,364
• B) $385
• C) $424
• D) $8,514
• E) $1,537

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Definitions:

Minimum Intergroup Conflict

The lowest level of discord or rivalry between different groups within an organization, aimed at fostering a cooperative and productive working environment.

Pluralistic Differentiation

The recognition and incorporation of diverse values, beliefs, and practices within a society or organization, fostering a multitude of perspectives and inclusivity.

Functional Subcultures

Distinctive cultures that form within different departments or groups in an organization, each with its own set of norms, values, and practices based on their specific roles and functions.

Inter-Departmental

Pertains to activities, communication, or cooperation between different departments within an organization.