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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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
