Estimate the Present Value of an Annuity If Payments Are

question 213

Short Answer

Estimate the present value of an annuity if payments are $700 monthly for 19 years and the account earns interest at the rate of 5% / year compounded continuously. Round your answer to the nearest dollar.
$__________

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Definitions:

Scapegoating

The act of unjustly blaming an individual or group for problems or negative outcomes, often as a way of deflecting attention from the true causes.

Blame Trajectory

The process through which responsibility or fault for a negative outcome is assigned or shifted among individuals or groups over time.

False Blaming

The act of accusing someone of wrongdoing without valid evidence or basis.

Die

The act of ceasing to live, resulting from the failure of bodily functions, disease, age, or other factors.