Consider an Annuity That Pays $45,768 at the End of Very

question 4

Multiple Choice

Consider an annuity that pays $45,768 at the end of very year for the next 12 years.What is the value of the annuity at the end of the 12 year period if the discount rate is 2%?

• A)$600,280.65
• B)$612,637.43
• C)$598,300.32
• D)$200,250.23
• E)$3,450,322.32

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