Evaluate the following: 1 − 1.07 5 − 8 0.075 \frac{1-1.075^{-8}}{0.075} 0.075 1 − 1.07 5 − 8 A) -5.857B) -10.446C) 5.857D) 0.5857E) 13.485

Question

Evaluate the following:   1 − 1.07 5 − 8 0.075 \frac{1-1.075^{-8}}{0.075} 0.075 1 − 1.07 5 − 8 ​ A)  -5.857B)  -10.446C)  5.857D)  0.5857E)  13.485

YAAQOV SHKIFATI · Accepted Answer

Final Answer : C, Explanation :  This is a calculation of the present value of an annuity formula without the principal amount, where the rate is 0.075 and the number of periods is 8. The correct calculation results in a positive value, which is closest to option C, 5.857.

Evaluate the following: $1−1.075−80.075\frac{1-1.075^{-8}}{0.075}$

A) -5.857
B) -10.446
C) 5.857
D) 0.5857
E) 13.485

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Learning Objectives

Learning Objectives

Related questions

Evaluate the following: 1−1.075−80.075\frac{1-1.075^{-8}}{0.075}0.0751−1.075−8​ A) -5.857B) -10.446C) 5.857D) 0.5857E) 13.485

Definitions

Learning Objectives

Learning Objectives

Related questions

Evaluate the following: $1−1.075−80.075\frac{1-1.075^{-8}}{0.075}$

A) -5.857
B) -10.446
C) 5.857
D) 0.5857
E) 13.485