What Is the Present Value of a Five-Period Annuity of $3,000

question 49

Multiple Choice

What is the present value of a five-period annuity of $3,000 if the interest rate per period is 12% and the first payment is made today?

• A) $9,655.65
• B) $10,814.33
• C) $12,112.05
• D) $13,200.00

Know how to verify the functionality of UTP cables.

Identify appropriate storage solutions for different use cases.

Comprehend settings and configurations for printing and display devices.

Recognize protocols and technologies for direct device communication and data transfer.

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing an action.

Tons of Rice

A unit of measure indicating the quantity of rice, often used in trading and economic analysis related to agricultural commodities.

T-shirts

T-shirts are a staple clothing item made from fabric, characterized by their T-shaped body and sleeves, commonly worn by people of all ages and genders.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to allocate resources in one way rather than another.