What Is the PV of an Ordinary Annuity with 5

question 108

Multiple Choice

What is the PV of an ordinary annuity with 5 payments of $16,200 if the appropriate interest rate is 4.5%?

• A) $56,182.92
• B) $81,785.27
• C) $63,294.68
• D) $71,117.62
• E) $70,406.45

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Definitions:

Bar Chart

A graphical representation of data using bars of different heights.

Frequency Distribution

Frequency distribution is a summary of how often different values occur within a data set, helping to understand the distribution of data points across various categories.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical data for analysis.

Yellow

A primary color perceived when light with a dominant wavelength between approximately 570 and 590 nanometers is present.