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

---

Definitions:

Four-stage Concept

Refers to a model or theory divided into four distinct phases or stages, often used in psychological, educational, or process-based contexts.

Unwanted Change

Alterations or transitions that are not desired or resisted by individuals or groups.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.

Senior Management

The top layer of leadership within an organization, responsible for strategic planning, decision-making, and guiding the company's direction.