What Is the PV of an Ordinary Annuity with 5

question 89

Multiple Choice

What is the PV of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%?

• A) $16,806
• B) $17,690
• C) $18,621
• D) $19,601
• E) $20,633

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Definitions:

Prostatic Hyperplasia

A benign condition in which the prostate gland enlarges and blocks the flow of urine.

PSA Test

A blood test used to screen for prostate cancer by measuring the level of prostate-specific antigen.

Urine Flow

The act of urination, involving the release of urine from the bladder through the urethra to the outside of the body; problems can indicate health issues.

Pap Test

A screening procedure for cervical cancer involving the collection of cells from the cervix to look for abnormalities that may indicate precancerous or cancerous conditions.