Determine the Difference Between the Present Value of a $10,000

question 311

Multiple Choice

Determine the difference between the present value of a $10,000 twenty-year annuity earning 10% interest compounded annually versus a $10,000 twenty-year growing annuity earning 10% interest compounded annually and having a 3% annuity growth rate.

• A) $19,069.09
• B) $19,369.09
• C) $19,669.09
• D) $19,969.09
• E) $20,269.09

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