What Is the PV of an Annuity Due with 5

question 147

Multiple Choice

What is the PV of an annuity due with 5 payments of $4,200 at an interest rate of 5.5%?

• A) $21,570.66
• B) $19,110.85
• C) $18,921.63
• D) $16,651.03
• E) $22,138.31

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Definitions:

DPI

Dots Per Inch, a measurement of the resolution of a printed page or digital scan, indicating the number of dots in a linear inch.

X Factor

An elusive or unique quality that makes something or someone stand out from others; often referred to in the context of talent or appeal.

Optical Drive

A storage device that accepts optical discs such as CDs, DVDs, or BDs that have data, music, video, or software applications.

Optical Drive

A device that reads and sometimes writes data from optical discs through laser technology, such as CD, DVD, or Blu-ray drives.