Present Value of Ordinary Annuities
Authored by Stephanie Solar
Mathematics
12th Grade
CCSS covered
Used 15+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the present value of an ordinary annuity with annual payments of $5,000 for 10 years at an interest rate of 8%.
The present value of the annuity is $40,000.
The present value of the annuity is $30,000.
The present value of the annuity is $25,000.25
The present value of the annuity is $33,550.41
Tags
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determine the present value of an ordinary annuity with monthly payments of $1,200 for 8 years at an interest rate of 4%.
The present value of the annuity is $100,000
The present value of the annuity is $120,010.78
The present value of the annuity is $90,000
The present value of the annuity is $98,447.20
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSN.Q.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.REI.B.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the present value of an ordinary annuity with semi-annual payments of $3,000 for 12 years at an interest rate of 7%.
The present value of the annuity is $30,150.75
The present value of the annuity is $20,000.
The present value of the annuity is $48,175.10
The present value of the annuity is $15,550.98
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSN.Q.A.1
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the present value of an ordinary annuity with monthly payments of $1,800 for 7 years at an interest rate of 3%.
The present value of the annuity is $100,000.
The present value of the annuity is $216,594.27.
The present value of the annuity is $50,000.
The present value of the annuity is $136,226.38.
Tags
CCSS.HSN.Q.A.1
CCSS.HSF.IF.A.2
CCSS.HSN.Q.A.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the present value of an ordinary annuity with semi-annual payments of $3,500 for 9 years at an interest rate of 6%.
The present value of the annuity is $25,000.
The present value of the annuity is $48,137.30
The present value of the annuity is $20,000.
The present value of the annuity is $32,347,62.
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the present value of an ordinary annuity with quarterly payments of $2,300 for 8 years at an interest rate of 5%.
The present value of the annuity is $60,354.93
The present value of the annuity is $45,470.86
The present value of the annuity is $100,000.
The present value of the annuity is $80,000.
Tags
CCSS.HSF.BF.A.1
CCSS.HSF.IF.A.1
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