Calculate the Present Value of 120 Payments of $50

question 58

Multiple Choice

Calculate the present value of 120 payments of $50.00 made at the end of each of 120 consecutive months respectively if money is worth 12% compounded monthly.

• A) $3485.03
• B) $3485.02
• C) $6000.00
• D) $3000.00
• E) $34 850.30

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Definitions:

Nerve Fiber Patterns

The arrangement or distribution of nerve fibers within a specific area of the nervous system.

Physical Changes

Alterations in the physical state or appearance of a substance or organism that do not involve a change in its composition or identity.

Memory Processes

The mechanisms through which information is encoded, stored, and retrieved in the brain.

Spontaneous Recovery

The reappearance of a learned response after extinction has occurred.