What Is the Present Value of an Annual Payment of $1,500

question 124

Multiple Choice

What is the present value of an annual payment of $1,500 discounted back 15 years at an annual rate of return of 3%?

• A)$10,663.87
• B)$12,334.56
• C)$13,449.87
• D)$17,906.90

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Definitions:

Truth Table

A tabular representation used in logic to determine the validity of statements by listing all possible scenarios and their corresponding truth values.

Atomic Sentences

Sentences that represent the most basic form of propositions, without any complex or compound elements.

Truth Values

The valuation in logic that indicates whether a statement is true or false.

Truth Table

A mathematical table used to determine if a compound statement is true or false, based on the truth values of its components.