Use a Calculator to Evaluate the Present Value of an Annuity

question 100

Multiple Choice

Use a calculator to evaluate the present value of an annuity formula for the values of the variables m = $50, r = 7%, n = 12, and t = 7 years. ​ ​

• A) $3,233.57
• B) $3,311.86
• C) $3,309.86
• D) $3,312.86
• E) $3,325.18

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