If a 5-Year Regular Annuity Has a Present Value of $1,000,and

question 107

Multiple Choice

If a 5-year regular annuity has a present value of $1,000,and if the interest rate is 10 percent,what is the amount of each annuity payment?

• A) $240.42
• B) $263.80
• C) $300.20
• D) $315.38
• E) $346.87

---

Definitions:

Cynicism

An attitude characterized by skepticism towards the motives or integrity of individuals or institutions, often expressing a general distrust.

Social Support

Assistance and encouragement received from friends, family, and the community, which can be crucial for psychological well-being and coping with stress.

Finals Week

A period at the end of a college or university term during which students take final exams or complete final projects, often associated with high stress.

Psychological Factors

Aspects of human psychological functioning that can influence behavior, thought, and emotion.