Question
What is the present value of an annuity of $12 received at the end of each year for seven years? Assume a discount rate of
What is the present value of an annuity of $12 received at the end of each year for seven years? Assume a discount rate of 11%. The first payment will be received one year from today (round to nearest $1).
A) $25
B) $40
C) $57
D) $118
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
