Is the PV of an Ordinary Annuity with 10 Payments

question 34

Multiple Choice

is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%?

• A)$16,576
• B)$17,449
• C)$18,367
• D)$19,334
• E)$20,352