What Is the PV of an Ordinary Annuity with 10

question 32

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $4,400 if the appropriate interest rate is 5.5%?

• A) $34,492.18
• B) $38,472.04
• C) $34,160.52
• D) $27,527.41
• E) $33,165.55

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Definitions:

Public Modifiers

Keywords in programming languages that specify the visibility of classes, methods, or variables to other parts of the program.

Private Modifiers

Keywords in object-oriented programming languages used to restrict access to members of a class (such as variables or methods) from outside the class.

Instance Variables

Variables defined in a class for which each instantiated object of the class has its own separate copy, or instance.

Mutator Methods

Methods designed to set or modify the values of an object's attributes while keeping the encapsulation principle intact.