Question
Determine the present value of an 8 year annuity that pays $11,000 at the end of each year discounted at a rate of 6%. a.
Determine the present value of an 8 year annuity that pays $11,000 at the end of each year discounted at a rate of 6%.
a. $88,000
b. $66,000
c. $68,308
d. $69,015
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
