Question
A 5-year ordinary annuity has periodic cash flows of $100 each year. If the interest rate is 8 percent, the present value of this annuity
A 5-year ordinary annuity has periodic cash flows of $100 each year. If the interest rate is 8 percent, the present value of this annuity is closest to which of the following? A. $331.20 B. $399.30 C. $431.24 D. $486.65 E. $586.70 with explanation please
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Forest Resource Economics And Finance
Authors: W. David Klemperer
1st Edition
0974021105, 978-0974021102
