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What is the PV of an ordinary annuity with 10 payments of $15,600 if the appropriate interest rate is 4.5%? 1. $61,385.04 2. $91,689.05 3.
What is the PV of an ordinary annuity with 10 payments of $15,600 if the appropriate interest rate is 4.5%?
| 1. | $61,385.04 | |
| 2. | $91,689.05 | |
| 3. | $68,483.64 | |
| 4. | $77,702.59 | |
| 5. | $123,438.40 |
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Investments
Authors: Zvi Bodie, Alan J. Marcus, Alex Kane
6th Edition
0072861789, 9780072861785
