To Calculate the Present Value of an Annuity, Multiply the

question 67

Multiple Choice

To calculate the present value of an annuity, multiply the

• A)total dollars to be received by the present value factor.
• B)total dollars to be received by the discounted interest rate.
• C)amount to be received each year by the present value factor.
• D)amount to be received each year by the discounted interest rate.

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Gasoline

A volatile, flammable liquid derived from petroleum, used primarily as fuel in internal combustion engines.

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The effects of other people on an individual’s beliefs, attitudes, values, or behavior.

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Refers to the personal convictions or acceptances that something is true or exists, varying greatly from one person to another.

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