The Present Value of a $100 Three-Year Annuity Due (First

question 68

Multiple Choice

The present value of a $100 three-year annuity due (first cash flow occurs today) discounted at a rate of 10% is equal to ________.

• A)$248.69
• B)$273.55
• C)$135.17
• D)$300.00

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Definitions:

Applications

In computing, applications refer to software programs designed to assist users in performing specific tasks.

Applets

Small Java applications that can be embedded in web pages to provide dynamic and interactive features.

Integer Division

A division operation between integers where the result is also an integer, discarding any remainder.

Truncated

Refers to shortening something by cutting off part of it, often used in the context of limiting the precision of a numerical value.