What's the Present Value of a 4-Year Ordinary Annuity of $2,250

question 106

Multiple Choice

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%?

• A) $8,509
• B) $8,957
• C) $9,428
• D) $9,924
• E) $10,446

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Definitions:

Toxicity

The degree to which a substance can harm humans or animals, often depending on dose and exposure duration.

Human Exposure Levels

The concentration or amount of a chemical or physical agent that a person is exposed to, which can affect health risk assessments.

Margin Of Safety

The extent to which a product or activity is considered safe, or the difference between a product's normal operating condition and its failure point.

Endocrine Systems

A chemical messaging system in the body comprised of glands that release hormones directly into the bloodstream, influencing numerous physiological processes.