Estimate the Present Value of an Annuity If Payments Are

question 26

Short Answer

Estimate the present value of an annuity if payments are $1,400 monthly for 14 years and the account earns interest at the rate of 10% per year compounded continuously. Please round the answer to the nearest cent dollar.
$__________

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Definitions:

Intoxicated

The state of being under the influence of alcohol or drugs to the extent that physical and mental control is markedly diminished.

Forcibly

Using physical strength or power to make something happen or to make someone do something against their will.

Acute Phase

A period in the progression of a disease where symptoms are at their most severe.

Rape Trauma Syndrome

A form of post-traumatic stress disorder affecting individuals who have experienced sexual assault, characterized by acute and long-term psychological effects.