Find the Present Value of an Ordinary Annuity of $5,000

question 158

Multiple Choice

Find the present value of an ordinary annuity of $5,000 payments each made annually over 6 years and earning interest at 9% per year compounded annually. ​

• A) $7.52
• B) $22,429.59
• C) $37,616.67
• D) $8,385.50

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Definitions:

Doing Gender

The concept that gender is a performance or behavior that people engage in rather than only a fixed identity or biological reality.

Heterosexist

Exhibiting bias or discrimination towards non-heterosexual orientations, often by assuming heterosexuality as the norm.

Oppressed

A condition of being subject to unjust treatment or control, often involving the denial of fundamental rights.

Intergroup Bias Effect

The tendency to favor one's own group over other groups, leading to prejudice and discrimination.