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

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Definitions:

Health and Safety

Practices and policies implemented to ensure the physical well-being of employees in the workplace.

Safety Committee

A group within an organization responsible for promoting health and safety in the workplace, often by identifying risks and proposing measures to reduce them.

Safety Officer

An individual responsible for ensuring workplace safety, making sure all regulations and policies related to health and safety are followed.

Unsafe Work

Conditions or practices in the workplace that significantly increase the risk of injury, illness, or death to employees.