Using the Present Value Tables, Compute the Present Value of an Ordinary

question 106

Multiple Choice

Using the present value tables, compute the present value of an ordinary annuity which pays $3,000 per year for 15 years, discounted at 9%.

• A)$24,183
• B)$24,200
• C)$23,180
• D)$25,390

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Definitions:

Regression Analysis

A statistical method for estimating the relationships among variables, often used to determine how the typical value of a dependent variable changes when any one of the independent variables is varied.

Anova F Statistic

A statistical test used in analysis of variance (ANOVA) to assess whether the means of different groups are significantly different from each other.

Regression Coefficients

Values that represent the relationship between the independent variable and the dependent variable in a regression analysis.

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