Find the Present Value of an Annuity with Annual Payments $\quad P V = \$ 42,961.75$

question 120

Multiple Choice

Find the present value of an annuity with annual payments of $3,250 at 5.45%, compounded annually for 24 years.Round to the nearest cent.

• A) \(\quad P V = \$ 42,961.75\)
• B) \(\quad P V = \$ 40,799.07\)
• C) \(\quad P V = \$ 82,251.00\)
• D) \(\quad P V = \$ 42,946.39\)
• E) \(\quad P V = \$ 42,931.03\)

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Definitions:

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The divergence between what individuals or organizations know they should do and what they actually do.

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The process by which an innovation is communicated through certain channels over time among the members of a social system.