Find the Present Value of a 5-Year Annuity Due If

question 33

Multiple Choice

Find the present value of a 5-year annuity due if the annual payments are $600 and the interest rate is 11%.How much larger is the present value of the annuity due than the present value of the ordinary 5-year annuity?

• A) $243.93
• B) $204.76
• C) $279.22
• D) $261.32
• E) $227.45

---

Definitions:

Important

Signifies something of great significance or value; often used to describe issues, items, or goals that warrant attention or prioritization.

Motivates Them

Describes the factors or incentives that drive individuals or entities to act in a certain way or pursue specific goals.

Manage Volunteers

The coordination, supervision, and support of volunteers to effectively contribute to an organization's goals and activities.

Effective

Capable of producing intended or desired results with efficiency.