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

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Definitions:

Enthymeme

A rhetorical argument where one of the premises is not explicitly stated, usually considered to be evident to the audience.

Existential Import

In logic, the assumption that a statement implies the existence of the subject it mentions.

I Proposition

An I proposition in traditional logic is an affirmative particular statement, indicating that some members of the subject class are included in the predicate class, typically structured as "Some S are P."

Enthymeme

A rhetorical syllogism used in arguments, often with one premise left unstated but implied.