Calculate the Present Value of Five Payments of $1500

question 60

Multiple Choice

Calculate the present value of five payments of $1500.00 made at the end of each of five consecutive years respectively if money is worth 6% compounded annually.

• A) $7950.00
• B) $7486.52
• C) $7050.00
• D) $6318.55
• E) $7486.00

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Definitions:

Total Fat Intake

The total amount of fat consumed in one's diet over a specified period.

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, beneficial for health.

High-Protein Foods

Foods that are rich in protein, essential for building and repairing body tissues, and include items such as meat, fish, eggs, and beans.

Gastric Residual

The amount of fluid remaining in the stomach after a period of digestion, often checked to monitor intake and digestion in patients unable to eat by mouth.