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You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities

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You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. An annuity that pays $500 at the beginning of every sk months An annuity that pays $1,000 at the beginning of each year An annuity that pays $500 at the end of every six. months An annuity that pays $1,000 at the end of each year An ordinary annuity seliling at $2,514.15 today promises to make equal payments at the end of each year for the next eight years ( N). If the annuity's appropriate interest rate ( 1 ) remains at 8.00% during this time, the annual annuity payment (PMT) will be You just won the lottery. Congratulationst The jackpot is $10,000,000, paid in eight equal annual payments. The first payment on the lottery jackpot will be made today. In present value terms, you really won -assuming annual interest rate of 8.00%

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