What Is the Present Value of an Annuity of $1000

question 6

Short Answer

What is the present value of an annuity of $1000 per month for ten years at an interest rate of 6.3% compounded monthly?

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Definitions:

Affective Component

Pertains to the emotional aspect of attitudes, reflecting feelings or emotions related to an object, person, or event.

Behavioural Component

The aspects of psychology related to the actions or reactions of individuals usually in response to external stimuli.

Cognitive Component

Refers to the beliefs, thoughts, and knowledge about the subject at hand, which is a part of an attitude.

Affective Component

The emotional or feeling segment of an attitude, which influences how we react to certain situations or individuals.