Question
The present value of an ordinary annuity stream of $125 periodic payment per year is $396.23 when valued at a 10% rate. By approximately how
The present value of an ordinary annuity stream of $125 periodic payment per year is $396.23 when valued at a 10% rate. By approximately how much would the present value change if this is an annuity due and the interest rate is at 10%?
- A. An increase of $31
- B. An increase of $35
- C. An increase of $40
- D. An increase of $51
- E. An increase of $99
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
