Calculate the Present Value of a Growing Annuity Given the Following

question 164

Multiple Choice

Calculate the present value of a growing annuity given the following information: annual cash flows = $67,000; cash flow growth rate = 3%; required rate of return = 8%; timeframe = 45years.

• A) $1,179,251
• B) $1,180,251
• C) $1,181,251
• D) $1,182,251
• E) $1,183,251

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