Compute the Present Value of an Ordinary Annuity That Pays

question 143

Multiple Choice

Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%.
Present value of annuity of $1:

• A)$100,188
• B)$100,921
• C)$99,418
• D)$100,958

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Definitions:

Evolutionarily Beneficial

Traits or behaviors that increase the chances of survival and reproduction, thus being favored by natural selection.

Sexual Novelty

The introduction of new or unfamiliar elements into sexual activities or relationships to enhance arousal and satisfaction.

Heritability

The proportion of variation in traits within a population that can be attributed to genetic differences among individuals.

Genetic Differences

Variations in the DNA sequences among individuals, which contribute to the diversity of organisms' characteristics.