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

question 93

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 use which of the following EXCEL commands?

• A)ANN
• B)TVM
• C)RATE
• D)PV

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Definitions:

Anglo Workers

Employees of English descent or cultural background, often referenced in contexts discussing labor and demographic compositions.

Chinese Exclusion Act

A U.S. federal law signed in 1882 that prohibited the immigration of Chinese laborers for ten years, the first law implementing immigration controls based on ethnicity.

Nations

Large groups of people united by common descent, history, culture, or language inhabiting a particular country or territory.

Chinese Immigrants

Individuals from China who have migrated to various parts of the world, often facing significant challenges and discrimination, especially noted in the 19th and early 20th centuries in the United States.