Find the Present Value of an Annuity with Annual Payments $\quad P V = \$ 43,809.22$

question 144

Multiple Choice

Find the present value of an annuity with annual payments of $3,090 at 5.45%, compounded annually for 28 years.Round to the nearest cent.

• A)\(\quad P V = \$ 43,809.22\)
• B) \(\quad P V = \$ 43,866.33\)
• C) \(\quad P V = \$ 43,923.44\)
• D) \(\quad P V = \$ 91,235.34\)
• E) \(\quad P V = \$ 41,673.01\)

---

Definitions:

Bulbourethral Glands

Small glands located near the base of the penis in male mammals that produce a pre-ejaculate fluid to lubricate the urethra.

Prostaglandins

are lipid compounds that perform a variety of hormone-like actions in animals, including inflammation regulation and smooth muscle contraction.

Laparoscope

A surgical instrument used for viewing the internal parts of the abdomen without making large incisions.

Oviduct

The tube that carries ova from the ovary to the uterus, cloaca, or body exterior. Also called fallopian tube or uterine tube.