Find the Present Value of an Annuity with Annual Payments $\quad P V = \$ 49,123.31$

question 228

Multiple Choice

Find the present value of an annuity with annual payments of $3,680 at 5.55%, compounded annually for 25 years.Round to the nearest cent.

• A) \(\quad P V = \$ 49,123.31\)
• B) \(\quad P V = \$ 97,106.00\)
• C) \(\quad P V = \$ 49,167.22\)
• D) \(\quad P V = \$ 49,079.40\)
• E) \(\quad P V = \$ 46,667.14\)

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