What Is the PV of an Annuity Due with 5

question 81

Multiple Choice

What is the PV of an annuity due with 5 payments of $2,500 at an interest rate of 5.5%?

• A) $11,262.88
• B) $11,826.02
• C) $12,417.32
• D) $13,038.19
• E) $13,690.10

---

Definitions:

Cable Television

A system for delivering television programming to consumers via radio frequency signals transmitted through coaxial cables.

Efficient Level

A state of resource allocation where it is not possible to make someone better off without making someone else worse off.

Excludable

A characteristic of a good where it is possible to prevent people who have not paid for it from having access to it.

Rival

A term describing a good or resource that cannot be enjoyed by more than one individual or group without reducing its availability to others.