A Security Company Offers to Provide CCTV Coverage for a Parking

question 31

Multiple Choice

A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $50,000 and additional payments of $20,000 per year.What is the equivalent annual annuity of this deal,given a cost of capital of 6%?

• A)-$14,720
• B)-$19,720
• C)-$20,000
• D)-$26,793
• E)-$31,011

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Definitions:

Multiple Perspectives

The consideration or analysis of a situation, problem, or concept from various viewpoints to gain a comprehensive understanding.

Phonological Awareness

The recognition and understanding of the sound structure of language, including the ability to manipulate sounds.

Syllables

Units of organized sequential sounds in spoken language, serving as the building blocks of words.

Elementary

Pertaining to the basic, fundamental aspects of a subject or the initial stages of education, typically covering the first few years of formal schooling.