The Present Value of an Annuity of $800,received at the End

question 68

Multiple Choice

The present value of an annuity of $800,received at the end of every month for 20 years,where the required rate of return is 6.5% per annum,compounded monthly,is:

• A) $33 366.03
• B) $43 367.94
• C) $107 300.02
• D) $192 000.00

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Definitions:

Insecure Attachment

A problematic bond between a child and caregiver characterized by fear, anxiety, or uncertainty.

Conservation

The principle in cognitive development where a child understands that quantity remains the same despite changes in its shape or form.

Asperger Syndrome

A developmental disorder characterized by significant difficulties in social interaction and nonverbal communication, along with restricted and repetitive patterns of behavior and interests.

Social Deprivation

The lack of socially normal interaction, communication, and engagement with others, leading to adverse effects on development and well-being.