What Is the Present Value of $5000 Per Year Annuity

question 66

Multiple Choice

What is the present value of $5000 per year annuity at a discount rate of 10% for 6 years?

• A) $21,776.30
• B) $3,371.91
• C) $16,760.78
• D) None of the above

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Definitions:

Individualistic

A social theory favoring freedom of action for individuals over collective or state control.

Reference Group

A social group that individuals use as a standard for evaluating themselves and their own behavior.

Individualistic Cultures

Societies that emphasize personal achievements and individual rights over group goals and communal relationships.

Collectivistic Cultures

Refers to societies or groups where people prioritize the needs and goals of the group over individual desires or ambitions.