What Is the PV of an Ordinary Annuity with 10

question 135

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $2, 700 if the appropriate interest rate is 5.5%?

• A) $16, 576
• B) $17, 449
• C) $18, 367
• D) $19, 334
• E) $20, 352

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Definitions:

State-Of-The-Art Defense

A legal defense used in product liability cases where the defendant claims the product was using the best technology available at the time of design or manufacture.

Scientific Knowledge

Information and understanding acquired through the scientific method, including observation, experimentation, and analysis, contributing to the body of facts and principles.

Negligent Behavior

Actions or omissions by an individual which fall below the legally established standard of care expected to be observed and which cause harm or damage.

Theory Of Recovery

Legal principles that provide the basis on which a plaintiff can sue and obtain damages or other remedies in court.