The Present Value of an Ordinary Annuity of $1000 Each

question 12

Multiple Choice

The present value of an ordinary annuity of $1000 each year for six years,assuming current market interest rates,is:

• A) $1625.20
• B) $2982.64
• C) $4596.19
• D) $4956.19

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Definitions:

Positive Psychology

A branch of psychology focused on the study of positive human functioning and the factors that contribute to a fulfilling life and flourishing individuals.

Human Strengths

The inherent positive qualities and capabilities of individuals, including emotional, psychological, and social aspects.

Social Ecology

A framework suggesting that social, institutional, and environmental issues are interconnected, emphasizing the need for holistic solutions to ecological and social problems.

Positive Psychology

A branch of psychology that focuses on the study of positive human functioning and flourishing on multiple levels that include the biological, personal, relational, institutional, cultural, and global dimensions of life.