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11 Your rich aunt has promised to give you $2.000 per year at the end of each of the next four years to help you
11
Your rich aunt has promised to give you $2.000 per year at the end of each of the next four years to help you pay for college. Using a discount rate of 12 th. the present value of tha git can be staled as A. PV=$2,00012%4. B. PV=$2,000(PV foctor, 1=4%,n=12). C. PV=$2,000 (Annulty FV factor, i=12%,n=4 ). D. PY=$2.000 (Annulty PV foctor, 1=12%,n=4) Step by Step Solution
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