What Is the Present Value of a Five Period Annuity

question 61

Multiple Choice

What is the present value of a five period annuity of $3,000 if the interest rate is 12 percent and the first payment is made today?

• A)$9,655.65
• B)$10,814.33
• C)$12,112.05
• D)$13,200.00 PV = 3,000

Develop a critical approach to evaluating studies with differing conclusions on health-related matters.

Understand the significance of chronological order in narrative writing.

Identify the role of transitional expressions in indicating time within a paragraph.

Recognize the topic sentence in a paragraph.

---

Definitions:

Dred Scott Decision

An 1857 U.S. Supreme Court ruling that African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court, further inflaming the pre-Civil War national debate over slavery.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.

Frederick Douglass

An African American social reformer, abolitionist, orator, writer, and statesman in the 19th century, who escaped from slavery.

John Brown

An American abolitionist leader known for his role in the Bleeding Kansas conflict and his raid on Harpers Ferry, aiming to initiate a slave rebellion.