Find the Present Value of an Annuity with Annual Payments $\quad P V = \$ 43,809.22$

question 144

Multiple Choice

Find the present value of an annuity with annual payments of $3,090 at 5.45%, compounded annually for 28 years.Round to the nearest cent.

• A)\(\quad P V = \$ 43,809.22\)
• B) \(\quad P V = \$ 43,866.33\)
• C) \(\quad P V = \$ 43,923.44\)
• D) \(\quad P V = \$ 91,235.34\)
• E) \(\quad P V = \$ 41,673.01\)

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