What should be a current market value of the financial instrument that pays you $$34$ a year for the next $8$ years, starting one year from now, assuming the annual interest rate is $5\%?$

Question $1$Answer

a$.$

$$239\mathrm{.}14$

b$.$

$$226\mathrm{.}21$

c$.$

$$232\mathrm{.}68$

d$.$

$$272\mathrm{.}00$

e$.$

$$219\mathrm{.}75$