The Present Value of an Annuity of $11 000,received at the End

question 29

Multiple Choice

The present value of an annuity of $11 000,received at the end of every year for ten years,where the required rate of return is 5.6% per annum,compounded annually,is:

• A) $6379.01
• B) $7051.28
• C) $8251.76
• D) $82 517.62

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Definitions:

PCR

Polymerase Chain Reaction, a technique used in molecular biology to amplify segments of DNA for analysis.

Copies

Replicas or duplicates of an original item, such as a document, artwork, or piece of digital data, made through various reproduction techniques.

DNA

Deoxyribonucleic acid, a self-replicating material present in nearly all living organisms as the carrier of genetic information.

Gene Therapy

Correction of a detrimental mutation by the insertion of DNA sequences into the genome of a cell.