A Perpetuity of $5,000 Per Year Beginning Today Is Said

question 17

Multiple Choice

A perpetuity of $5,000 per year beginning today is said to offer a 15% interest rate. What is its present value?

• A) $33,333.33
• B) $37,681.16
• C) $38,333.33
• D)$65,217.39

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Definitions:

Myocytes

Muscle cells responsible for contraction and movement in the body.

Skeletal Muscles

Tissues in the body that are attached to bones and can be consciously controlled to produce movement.

Undercooked Meat

Meat that has not been cooked to the recommended internal temperature, posing a risk of foodborne illness due to bacteria or parasites.

Cytoplasm

The watery intracellular substance that consists mostly of water, proteins, ions, and nutrients.