Jing Purchased Property and Must Make an Annual Mortgage Payment

question 95

Multiple Choice

Jing purchased property and must make an annual mortgage payment of $6,000 for the next 30 years. What is the present discounted value of the payment stream at a 5% interest rate?

• A) $88,450.42
• B) $110,682.21
• C) $92,234.71
• D) $105,320.57

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Definitions:

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The physiological process of the clitoris filling with blood, leading to its swelling, which can increase sensitivity and sexual arousal.

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