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What is the PV of an ordinary annuity with 5 payments of $8,500 if the appropriate interest rate is 4.5%? S31,717.58 S44,031.47 S44,031.47 Os38,434.25 You
What is the PV of an ordinary annuity with 5 payments of $8,500 if the appropriate interest rate is 4.5%? S31,717.58 S44,031.47 S44,031.47 Os38,434.25 You want to go to Europe 5 years from now, and you can save $7,300 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? $32,873.97 546,715.64 $50,608.61 $43,255.22
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