Question
An annuity is set up that will pay $10,000 per year for twenty years. What is the present value (PV) of this annuity given that
An annuity is set up that will pay $10,000 per year for twenty years. What is the present value (PV) of this annuity given that the discount rate is 9%? A. $69 ,800 B. $ 78,946 C. $85,722 D. $91,285
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Financial Accounting
Authors: Kermit D. Larson, Paul B. W. Miller
5th Edition
0256091935, 978-0256091939
