The Following Figure Shows a Graph That Compares the Present

question 32

Multiple Choice

The following figure shows a graph that compares the present values of two ordinary annuities of $800 quarterly as functions of the number of quarters. One annuity is at an annual rate of 6% compounded quarterly, and the other is at an annual rate of 9% compounded quarterly. Use the graph below to estimate the difference between the present values of these annuities for 25 years (100 quarters) . ​ ​

• A)$32,000
• B)$4,500
• C)$30,000
• D)$100
• E)$9,586

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Definitions:

Provider

An individual or entity that supplies or makes a service or commodity available to the public, especially within the healthcare sector.

Annual Basis

Referring to events, measurements, or calculations that are considered or occur once every year.

Work Performance

The evaluation of how efficiently and effectively an individual or group completes tasks and achieves goals at work.

Employment Situations

The various conditions or scenarios relating to an individual's job status, including full-time, part-time, unemployed, or self-employed statuses.