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

---

Definitions:

Urethritis

Inflammation of the urethra, often resulting in pain during urination and an increased urge to urinate.

Causative Organism

A pathogen or microorganism that causes disease or illness in its host.

Hypertension

High blood pressure, usually a chronic condition; often identified by a systolic blood pressure above 140 mm/Hg and/or a diastolic blood pressure above 90 mm/Hg.

CKD

Chronic Kidney Disease, a condition characterized by a gradual loss of kidney function over time.