What Is the Present Value of an Annuity of $12

question 82

Multiple Choice

What is the present value of an annuity of $12 received at the end of each year for seven years? Assume a discount rate of 11%. The first payment will be received one year from today (round to the nearest $1) .

• A) $25
• B) $40
• C) $57
• D) $118

Recognize the origins and development of ecological science.

Identify major environmental policies and their impacts.

Recognize the role of agriculture in shaping environmental policy and practice.

Understand the interplay between human activity and environmental change over time.

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Definitions:

Tumor Marker

A substance found in blood, urine, or body tissues that can be elevated in cancer and may help in diagnosing or monitoring treatment.

Carcinoma

A type of cancer that begins in the skin or the tissue lining organs, such as the liver or kidneys.

Epithelial Tissue

A type of bodily tissue that lines the outer surfaces of organs and blood vessels, as well as the interior of hollow structures.

Endoscopy

A medical procedure that allows a doctor to inspect and observe the inside of the body without making large incisions, using an instrument called an endoscope.