Question
I nee help please An annuity will pay you $5,000 per year for six years. The first payment will occur at the end of Year
I nee help please
An annuity will pay you $5,000 per year for six years. The first payment will occur at the end of Year 5. When you employ the PV formula to compute the present value of the annuity, the result will be the PV as of the end of:
| A. | $3,961.80 | |
| B. | $4,111.08 | |
| C. | $4,209.19 | |
| D. | $4,887.48 |
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
