Question
What is the present value (rounded to dollars and cents) of a four-year $100 annuity that makes its first payment 5 years from today if
What is the present value (rounded to dollars and cents) of a four-year $100 annuity that makes its first payment 5 years from today if the discount rate is 9%? (Do not round interim calculations)
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$193.17
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none of the above
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$250.17
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$210.56
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$229.51
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
