What Is the Present Value of a Five-Period Annuity of $3,000

question 61

Multiple Choice

What is the present value of a five-period annuity of $3,000 if the interest rate is 12% and the first payment is made today?

• A) $9,655.65
• B) $10,814.33
• C) $12,112.05
• D) $13,200.00

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Definitions:

Cash Flows

The total amount of money being transferred into and out of a business, often used as an indicator of a company's financial strength.

Discount Rate

The discount rate employed in discounted cash flow analysis to ascertain the present worth of future cash flows.

Annual Salary

The total amount of money that an employee earns in a year from their employer for their services.

Starting Bonus

A preliminary financial incentive given to a new employee as an enticement to join a company.