What Is the Present Value of an Annual Payment of $3,600

question 15

Multiple Choice

What is the present value of an annual payment of $3,600 discounted back 12 years at an annual rate of return of 5 percent?

• A)$12,977.19
• B)$31,907.71
• C)$45,360.00
• D)$57,301.66

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Definitions:

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Alternate-Forms Reliability

A method of assessment reliability that checks how consistent scores are across different versions of the same test.

Test-Retest Reliability

A measure of the consistency of a psychological test or assessment over time, indicating the stability of scores upon repeated applications of the test.

Test-Retest Reliability

The consistency of a research study or measuring test over time, assessed by administering the same test to the same subjects at two different points in time.