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

question 6

Multiple Choice

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

• A) $26,210
• B) $27,258
• C) $3,950
• D) none of the above

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Definitions:

Nerve

Bundle of long axons outside the central nervous system.

Collagenous Fibers

Strong, flexible protein fibers found in connective tissue that provide support and structure to various body parts.

Elastic Fibers

Part of the connective tissue in the body that provides elasticity and resilience to structures like the skin, lungs, and blood vessels.

Connective

Tissue that supports, connects, or separates different types of tissues and organs in the body.