Calculate the Present Value of a Deferred Annuity of 20

question 118

Multiple Choice

Calculate the present value of a deferred annuity of 20 annual payments of $100,000 each The interest rate is 13.5% compounded annually and the first payment will be made 11 years from now.

• A) $169,340
• B) $593,451
• C) $218,148
• D) $681,890
• E) $192,201

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