Find the Present Value of an Annuity of $1,800, at the End

question 16

Multiple Choice

Find the present value of an annuity of $1,800, at the end of each quarter for 8 years after being deferred for 6 years, if the money is worth an annual rate of 8.8% compounded quarterly. Round your answer to the nearest cent. ​

• A)$31,608.45
• B)$27,739.45
• C)$19,744.32
• D)$24,344.03
• E)$14,269.91

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Definitions:

Tolerance for Ambiguity

The degree to which an individual is comfortable with uncertainty, unpredictability, and unclear situations without experiencing significant stress.

Cultural Differences

The variations in the practices, customs, and behaviors of different societies or cultures.

Necessity-based Entrepreneur

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Necessity-based Entrepreneurship

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