If the Present Value of an Ordinary, 8 Year Annuity

question 146

Multiple Choice

If the present value of an ordinary, 8 year annuity is $12,500 and interest rates are 9.1%, what is the present value of the same annuity due?

• A) $13,637.50
• B) $13,941.90
• C) $14,114.80
• D) $14,211.90

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Definitions:

Health Lifestyles

Patterns of behavior or choices that are influenced by social, economic, and cultural factors and have a significant impact on an individual's health.

Socialization

Socialization is the process through which individuals learn and internalize the values, beliefs, and norms of their culture or society, influencing their behavior and social roles.

Health Project

A planned undertaking aimed at improving health outcomes, which can involve research, community services, or health promotion activities.

Regular Exercise

A consistent routine of physical activity aimed at improving or maintaining one’s health and physical fitness.