Compute the Present Value of an Ordinary Annuity That Pays

question 39

Multiple Choice

Compute the present value of an ordinary annuity that pays $13,000 per year for 15 years at 10%. Present value of annuity of $1:
$$\begin{array} { | l | l | l | l | l | l | } \hline & 7 \% & 8 \% & 9 \% & 10 \% & 12 \% \\\hline 11 & 7.499 & 7.139 & 6.805 & 6.495 & 5.938 \\\hline 12 & 7.943 & 7.536 & 7.161 & 6.814 & 6.194 \\\hline 13 & 8.358 & 7.904 & 7.487 & 7.103 & 6.424 \\\hline 14 & 8.745 & 8.244 & 7.786 & 7.367 & 6.628 \\\hline 15 & 9.108 & 8.559 & 8.061 & 7.606 & 6.811 \\\hline\end{array}$$

• A)$98,878
• B)$99,745
• C)$97,578
• D)$100,178

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Definitions:

Sexuality

The ways in which people experience and express themselves as sexual beings, influenced by biological, psychological, and sociocultural factors.

Social Life

Pertains to the ways in which individuals interact within a society, including their relationships, activities, and cultural norms.

Gender

Social and cultural distinctions associated with being male, female, or non-binary, rather than purely biological differences.

Queer Theory

An analytical framework that challenges the normative discourses on sexuality and gender, focusing on the variability of human sexuality.