Using the Present Value Tables, Please Compute the Present Value

question 58

Multiple Choice

Using the present value tables, please compute the present value of an annuity which pays $2 000 per year for 10 years, discounted at 7%.

• A)$14 048
• B)$16 440
• C)$19 240
• D)$18 180

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Definitions:

Confidence Interval

An interval of values obtained from statistical study of a sample, which is believed to cover the value of a hidden population parameter.

Applicants

Individuals or entities that apply for something, such as a job, grant, or college admission.

Chemistry Department

A specific division within a college or university focusing on the study and teaching of chemistry.

Sample Mean

The average value of a sample, used to estimate the population mean.