You Are Scheduled to Receive Annual Payments of $5,100 for Each

question 12

Multiple Choice

You are scheduled to receive annual payments of $5,100 for each of the next 7 years.The discount rate is 10 percent.What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?

• A)$2,483
• B)$2,513
• C)$2,721
• D)$2,727
• E)$2,804