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Q16 What is the approximate present value of an annuity due (beginning today) of a stream of 12 annual payments of $87,000 if you use
Q16
What is the approximate present value of an annuity due (beginning today) of a stream of 12 annual payments of $87,000 if you use a discount rate of 6%?
| A. | $729,394 | |
| B. | $773,158 | |
| C. | $1,044,000 | |
| D. | Insufficient information is provided ts to determine the answer to this question | |
| E. | $688,108 |
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
