Question
What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,100 at the end of Year 4 if the
What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,100 at the end of Year 4 if the interest rate is 5%?
Select the correct answer.
a. $10,528.77b. $10,542.37c. $10,515.17d. $10,501.57e. $10,555.97
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
