What Is the PV of an Ordinary Annuity with 5

question 89

Multiple Choice

What is the PV of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%?

• A) $16,806
• B) $17,690
• C) $18,621
• D) $19,601
• E) $20,633

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Definitions:

John B. Watson

A pioneering figure in psychology, known as the father of behaviorism, who emphasized the importance of observable behaviors over internal psychological processes.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis, experiments, and conclusion.

Testing Hypothesis

The process of using statistical methods to determine if there is enough evidence to support a proposed explanation or theory.

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Involves individuals willingly taking part in research to contribute to knowledge, which can range from filling out questionnaires to being part of experimental treatments.