After Receiving a Reward for Information Leading to the Arrest

question 73

Multiple Choice

After receiving a reward for information leading to the arrest of a notorious criminal, you are considering investing it in an annuity that pays $5,000 at the end of each year for 20 years.You could earn 5% on your money in other investments with equal risk.What is the most you should pay for the annuity?

• A) $50,753
• B) $53,424
• C) $56,236
• D) $59,195
• E) $62,311

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Definitions:

Self-Harm

Intentionally causing harm to oneself, often as a way to deal with emotional pain or distress.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, often measured by factors like income, education, and occupation.

Reproductive Knowledge

Understanding of human reproduction, including aspects of sexual health, conception, contraception, and pregnancy.

Contraceptives

Methods or devices used to prevent pregnancy.