The Present Value of an Ordinary Annuity of $350 Each

question 181

Multiple Choice

The present value of an ordinary annuity of $350 each year for five years,assuming an opportunity cost of 4 percent,is ________.

• A)$1,620
• B)$1,896
• C)$1,971
• D)$1,558

---

Definitions:

Pancreatic Islets

Groups of pancreatic cells that produce hormones, including insulin and glucagon, which regulate blood sugar levels.

Secretory Cells

Cells that produce and release substances such as enzymes, hormones, or mucus.

Pancreatic Acini

The small clusters of cells in the pancreas that produce digestive enzymes.

Digestive Enzymes

Proteins secreted by the digestive system that break down food into nutrients that can be absorbed into the bloodstream.