What Is the PV of an Ordinary Annuity with 5

question 127

Multiple Choice

What is the PV of an ordinary annuity with 5 payments of $6,200 if the appropriate interest rate is 4.5%?

• A) $30,484.00
• B) $22,863.00
• C) $30,211.82
• D) $27,217.86
• E) $21,502.11

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Definitions:

Ecological Succession

The process by which the structure of a biological community evolves over time, often following environmental disturbances.

Streamlined Predators

Predators with bodies designed to reduce resistance while moving swiftly through their environment, often found in aquatic or aerial habitats.

Food Chains

A series of organisms each dependent on the next as a source of food, showing the flow of energy and nutrients from one entity to another.

Facilitator of Succession

An organism or factor that catalyzes ecological succession, ensuring the progression from one ecological community to another, leading to increased biodiversity.