Finding the Discounted Current Value of $1,000 to Be Received

question 17

Multiple Choice

Finding the discounted current value of $1,000 to be received at the end of each of the next 5 years requires calculating the ____.

• A) future value of an annuity
• B) future value of an annuity due
• C) present value of an annuity
• D) present value of an annuity due

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