Question
URGENT!!!! 10 MINS You are entitled to receive an annuity of AUD2,500 per year for the next three years. Assuming an interest rate of 5%
URGENT!!!! 10 MINS
You are entitled to receive an annuity of AUD2,500 per year for the next three years. Assuming an interest rate of 5% (annual) what is the present value of the annuity.
Select one:
A. AUD6,808
B. AUD7,357
C. AUD8,075
D. AUD6,767
E. AUD7,500
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
