What Is the Present Value of a Five-Period Annuity of $3,000

question 49

Multiple Choice

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

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

Understand the concept of homeostasis and its role in motivation.

Comprehend the expectancy x value theory of motivation and its application to goal-directed behavior.

Identify the differences between intrinsic and extrinsic motivations and their effects on behavior.

Recognize the various physiological and psychological drives that influence human behavior.

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