The Present Value of an Annuity of $5,000 to Be

question 5

Multiple Choice

The present value of an annuity of $5,000 to be received at the end of each of the next six months for 6 years at a 4% annual rate would be:

• A)$26,210
• B)$52,875
• C)$3,950
• D)none of the above

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