What Is the Present Value of a $775 Annuity Payment

question 120

Multiple Choice

What is the present value of a $775 annuity payment over 6 years if interest rates are 11%?

• A) $3,017.84
• B) $3,119.67
• C) $3,2002.92
• D) $3,278.67

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Epigenetic Effect

Biological changes that influence gene expression without altering the DNA sequence, often in response to environmental factors, which can affect an organism's development and traits.

Genes

The basic physical and functional units of heredity, made up of DNA, that determine the characteristics of an organism.

Environment

encompasses all the external physical and biological factors influencing an organism or community, including natural and built environments.