To Compute the Present Value of $1,000 Annuity Received at the End

question 60

Multiple Choice

To compute the present value of $1,000 annuity received at the end of each of the next three years and discounted at the rate of 5% per year, you should enter the following variables into a financial calculator.

• A)N=3, i=5, PMT=1000
• B)N=3, i=5, FV=3000
• C)N=3, i=15, PMT=1000
• D)N=1, i=5, PMT=3000

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Definitions:

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to AIDS if not treated.

Child

A young human being below the age of puberty or below the legal age of majority.

Course Of AIDS

The progression of HIV/AIDS, spanning from the initial infection, through various stages of symptomatic and asymptomatic periods, to the potential end stage known as Acquired Immunodeficiency Syndrome (AIDS).

Initial Infection

The first stage of an infection after the entry of the pathogen into the host, often characterized by the initial onset of symptoms.