Calculate the Present Value of 120 Payments of $50

question 58

Multiple Choice

Calculate the present value of 120 payments of $50.00 made at the end of each of 120 consecutive months respectively if money is worth 12% compounded monthly.

• A) $3485.03
• B) $3485.02
• C) $6000.00
• D) $3000.00
• E) $34 850.30

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Definitions:

Female Circumcision

A cultural or religious practice involving the partial or total removal of external female genitalia, also known as female genital mutilation (FGM).

Ritual

A ceremonial act or a series of such acts performed in a prescribed order.

Society

A structured community of individuals sharing geographical or social territory, typically subject to the same political authority and cultural expectations.

Physical Punishment

The practice of causing physical pain or discomfort to someone as a form of corrective measure or discipline.