What Is the Present Value of a Four-Period Annuity of $100

question 93

Multiple Choice

What is the present value of a four-period annuity of $100 per year that begins two years from today if the discount rate is 9 percent?

• A)$297.21
• B)$323.86
• C)$356.85
• D)$388.97 PV₁ = 100

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