An Annuity Is Set Up That Will Pay $1500 Per

question 6

Multiple Choice

An annuity is set up that will pay $1500 per year for ten years.What is the present value (PV) of this annuity given that the discount rate is 6%?

• A)$8441
• B)$11,040
• C)$14,721
• D)$19,771

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Definitions:

Value Of Y

A phrase often used in programming and mathematics to refer to the value assigned to or represented by the variable y.

Switch Statement

A control structure that allows multi-way branching based on the value of an expression.

System.out.print

A Java command used to display text on the screen without moving to a new line.

Scanner Object

A Scanner Object in Java is used to parse primitive types and strings using regular expressions from an input source such as a file or standard input.