Calculate the Present Value of a Growing Annuity Given the Following

question 121

Multiple Choice

Calculate the present value of a growing annuity given the following information: current cash flows: $120,000; cash flow growth rate = 3%; timeframe = 30years; required rate of return = 7%.

• A) $2,243,413
• B) $2,143,413
• C) $2,043,413
• D) $1,943,413
• E) $1,843,413

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