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

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Definitions:

Sympathetic Nervous System

The part of the autonomic nervous system that controls the body's responses to stress or emergencies, such as increasing heart rate.

Circadian Control

The regulation of biological rhythms and processes in accordance with the 24-hour cycle of day and night.

Melatonin

A hormone produced by the pineal gland that regulates sleep-wake cycles, often used as a dietary supplement to aid sleep.

Physical Activity

Any movement of the body that requires energy expenditure, including everyday activities, exercise, and sports.