b

There are four pieces to an annuity present value. What are they? The four pieces are the present value (PV), the periodic cash flow (C), the coupon rate (c), and the number of payments, or the life of the annuity, (t). The four pieces are the present value (PV), the periodic cash flow (C), the discount rate (r), and the number of payments, or the life of the annuity, (t). The four pieces are the present value (PV), the coupon payment (C), the discount rate (r), and the number of payments, or the life of the annuity, (t). The four pieces are the present value (PV), the growth rate (g), the discount rate (r), and the number of payments, or the life of the annuity, (t). The four pieces are the bond price (B), the periodic cash flow (C), the discount rate (r), and the number of payments, or the life of the annuity, (t)