What's the Present Value of a 4-Year Ordinary Annuity of $2,250

question 106

Multiple Choice

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%?

• A) $8,509
• B) $8,957
• C) $9,428
• D) $9,924
• E) $10,446

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Definitions:

Labor Migration

The relocation of individuals from one region to another with the aim of finding work.

Labor Unions

Organizations representing workers' interests, focusing on negotiating wages, work rules, complaint procedures, rules governing hiring, firing, and promotion of workers, benefits, workplace safety and policies.

International Migrants

Individuals who move from one country to another, either temporarily or permanently, for reasons such as employment, education, or to escape conflict.

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