Calculate the Present Value of 120 Payments of $50

question 58

Multiple Choice

Calculate the present value of 120 payments of $50.00 made at the end of each of 120 consecutive months respectively if money is worth 12% compounded monthly.

• A) $3485.03
• B) $3485.02
• C) $6000.00
• D) $3000.00
• E) $34 850.30

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Definitions:

Emotion

A complex psychological state that involves a subjective experience, physiological response, and behavioral or expressive response.

Achievement Motive

A psychological drive or desire that fuels an individual to pursue and attain goals or successes.

Need For Achievement

The drive or motivation to accomplish tasks and meet high standards of performance.

Situational Factors

External conditions or circumstances that can influence an individual's behavior and decision-making process.