What Is the PV of an Ordinary Annuity with 10

question 121

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 6.5%?

• A)$16,641.51
• B)$17,517.38
• C)$18,439.35
• D)$19,409.84

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Definitions:

Adherence

The extent to which individuals follow the rules, guidelines, or treatment plans prescribed by authorities or experts, often used in contexts like healthcare, law, and organizational policies.

Commitment

The state or quality of being dedicated to a cause, activity, or goal.

Coalition Building

The process of assembling a temporary alliance or partnership of groups in order to achieve a common goal.

Personal Appeals

Persuasion techniques that are based on appeals to emotion, personal relationships, or loyalty rather than logic or reason.