The Present Value of an Ordinary Annuity of $2,350 Each

question 65

Multiple Choice

The present value of an ordinary annuity of $2,350 each year for 8 years,assuming an opportunity cost of 11 percent,is: (Round to the nearest whole dollar.)

• A) $1,020
• B) $27,869
• C) $18,800
• D) $12,093

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Definitions:

Mental Acts

Refers to the processes of thinking, perceiving, reasoning, or understanding managed by the mind.

Neonate

A newborn child.

Zone Of Proximal Development

A concept in educational psychology introducing the difference between what a learner can do without help and what they can achieve through guidance.

Pretend Play

A form of play among children where they use their imagination to create scenarios and enact roles, helping in cognitive and social development.