Question
A court settlement awarded an accident victim four payments of $75,000 to be paid at the end of each of the next four years. Using
A court settlement awarded an accident victim four payments of $75,000 to be paid at the end of each of the next four years. Using a discount rate of 4%, calculate the present value of the annuity.
a. $278,495
b. $281,495
c. $300,000
d. $272,242
e. $284,095
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Your Finances Gods Way Workbook A Biblical Guide To Making The Best Use Of Your Money
Authors: Scott LaPierre
1st Edition
073698402X, 978-0736984027
