Question
Mike Carlson will receive $25,000 a year from the end of the third year to the end of the 16 th year (14 payments). The
Mike Carlson will receive $25,000 a year from the end of the third year to the end of the 16th year (14 payments). The discount rate is 10%. The present value today of this deferred annuity is: Use Appendix B and Appendix D to calculate the answer.
Multiple Choice
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$146,599
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$152,129
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$133,405
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$161,153
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Auditing Principles And Techniques
Authors: Sanjib Kumar Basu, Andrei Alexandrescu
1st Edition
8177581783, 9788177581782
