Estimate the Present Value of an Annuity If Payments Are

question 5

Multiple Choice

Estimate the present value of an annuity if payments are $700 monthly for 14 years and the account earns interest at the rate of 4% /year compounded continuously. Round your answer to the nearest dollar. ​

• A) $85,725
• B) $90,046
• C) $91,280
• D) $92,189

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Definitions:

Conflict

A clash between individuals or groups in relation to different opinions, thought processes, and perceptions.

Perceptions

These are the ways individuals interpret and give meaning to sensory information, influencing how they understand their environment and interact with it.

Opinions

Opinions are personal beliefs or judgments not necessarily based on fact or knowledge, reflecting an individual's feelings or thoughts on a particular matter.

Disagrees

Occurs when individuals or groups have differing opinions, perspectives, or preferences.