What Is the Present Value of an Annuity of $100

question 21

Multiple Choice

What is the present value of an annuity of $100 received at the end of each year for seven years? The first payment will be received one year from today (round to nearest $10) .The discount rate is 13%.

• A)$440
• B)$43
• C)$500
• D)$1,040

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Definitions:

Challenging

Refers to situations or tasks that are difficult and demanding, often requiring effort and determination to overcome.

Confrontational

Characterized by or inclined to deal with situations or disagreements through direct and firm challenge.

Rational-emotive Therapists

Mental health professionals who apply rational emotive behavior therapy (REBT) to help individuals confront and change irrational beliefs.

Confrontational

Describe an approach or interaction that is aggressive or contentious, often leading to confrontation or conflict.