What Is the Present Value of an Annuity Due of $1000

question 37

Multiple Choice

What is the present value of an annuity due of $1000 per month for 20 years discounted at 9% per annum (assuming monthly compounding) ?

• A)$111 978.54
• B)$111 144.95
• C)$9 950.11
• D)$109 978.54

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Living Will

A legal document that outlines a person's decisions regarding their medical treatment in circumstances where they are no longer able to express informed consent.

End-of-life Issues

Ethical, legal, and medical considerations regarding the process of dying and the decisions involved, including palliative care and patient rights.

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Relating to the United States of America, its people, culture, or characteristics.

Percent

A mathematical term describing a part per hundred, used to express proportions or ratios.