Suppose That You Have a Series of Payments: $100 in Year

question 59

Multiple Choice

Suppose that you have a series of payments: $100 in year 1, $150 in year 2 and $200 in year 3. If annual interest rate is 10%, what is the equivalent annuity for this series?

• A)$150.00
• B)$146.82
• C)$142.33
• D)$140.11
• E)$135.68

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