Question
Q 4 What is the present value of an ordinary $1,000 annuity payment over six years if interest rates are 6% (assume annual compounding)? $6,000.00
Q 4
"What is the present value of an ordinary $1,000 annuity payment over six years if interest rates are 6% (assume annual compounding)?"
| "$6,000.00 " | ||
| "$6,975.32 " | ||
| "$4,917.32 " | ||
| "$9,675.32 " | ||
| Not possible to compute with the data provided |
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Entrepreneurial Finance
Authors: M. J. Alhabeeb
1st Edition
1118691512, 978-1118691519
