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:

Plasticity

The capacity of the brain to adapt or change in response to experiences or learning, including the formation of new neural connections.

Vision

The ability to perceive and interpret the surrounding environment through light in the visible spectrum striking the retina of the eye.

Senses

The physiological capacities of organisms that provide data for perception, including sight, hearing, smell, taste, and touch.

Cerebral Cortex

The outer layer of the cerebrum in the brain, responsible for many complex functions including thought, emotion, reasoning, and language.