What Is the Present Value of an Annuity Due Consisting

question 26

Multiple Choice

What is the present value of an annuity due consisting of 5 annual payments of $1,000 with an interest rate of 8% p.a. ,with the first payment occurring in 5 years' time?

• A)$4,283.23
• B)5,392.13
• C)$2,935.30
• D)$5,312.13

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