Question
If the current rate of interest is 9%, then the present value (PV) of an investment that pays $1,200 per year and lasts 21 years
If the current rate of interest is 9%, then the present value (PV) of an investment that pays $1,200 per year and lasts 21 years is closest to:
A. $6,691
B. $11,151
C. $15,611
D. $13,381
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
