What Is the Present Value of a $775 Annuity Payment

question 130

Multiple Choice

What is the present value of a $775 annuity payment over six years if interest rates are 11 percent?

• A) $3,017.84
• B) $3,119.67
• C) $3,202.92
• D) $3,278.67

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Definitions:

Lingual

Lingual pertains to the tongue, often regarding its anatomical structure, functions, or associated phenomena like lingual nerves or lingual tonsils.

Palatine

Pertaining to the palate, especially referring to bones or structures associated with the roof of the mouth.

Larynx

The voice box located in the throat, which contains the vocal cords and is involved in breathing, producing sound, and protecting the trachea against food aspiration.

Adam's Apple

The prominent protrusion in the neck, formed by the thyroid cartilage of the larynx, more prominent in males.