Question
An investor will receive an 10-year annuity of $15,000 per year. If the annual interest rate is 2.5%, what is the present value of this
An investor will receive an 10-year annuity of $15,000 per year. If the annual interest rate is 2.5%, what is the present value of this annuity?
$124,025
$158,762
$94,556
$131,281
$121,000
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
