Find the Present Value of the Ordinary Annuity

question 12

Multiple Choice

Find the present value of the ordinary annuity.
-Payments of $68 made quarterly for 10 years at 8% compounded quarterly

• A) $1872.41
• B) $1860.17
• C) $1829.38
• D) $667.63

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Definitions:

Fighting and Arguing

Engaging in verbal conflicts or disputes, often marked by anger or disagreement.

Married

The state of being united to a person of the opposite sex as husband or wife in a consensual and contractual relationship recognized by law.

Open-Ended

Describes questions or statements that allow for a range of responses, encouraging more detailed and informative answers.

Immediacy Responses

The reactions or feedback given without significant delay, often in real-time or almost instantly.