The Present Value of an Annuity of $5,000 to Be

question 126

Multiple Choice

The present value of an annuity of $5,000 to be received at the end of each of the 6 years at a discount rate of 4% would be:

• A) $26,210
• B) $33,165
• C) $3,950
• D) none of the above

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Definitions:

Metamorphic Temperatures

The range of temperatures within the Earth's crust at which rock transforms in structure or mineral composition without melting.

Organic Material

Matter derived from living organisms, typically consisting of carbon-based compounds.

Breccia Pipe

A pipe- or cone-shaped structure filled with breccia; mostly formed by cave collapse, but can also form by igneous and hydrothermal processes.

Uranium Ore

A natural mineral from which uranium can be economically extracted for use in energy production and nuclear weapons.