Kye will receive

$12,000

a year from the end of the third year to the end of the

12^(th )

year (10 payments). The discount rate is

10%

. The present value today of this deferred annuity is\ Multiple Choice\

$60,909

\

$42,185

\

$61,450

\

$55,379

Kye will receive $12,000 a year from the end of the third year to the end of the 12th year (10 payments). The discount rate is 10%. The present value today of this deferred annuity is Multiple Choice $60,909 $42,185 $61,450 $55,379