Mike Carlson Will Receive $12,000 a Year from the End

question 82

Multiple Choice

Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12^th year (10 payments) . The discount rate is 10%. The present value today of this deferred annuity is ______.

• A)$61,450
• B)$42,185
• C)$55,379
• D)$60,909

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Definitions:

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A quick and clever reply, often humorous, to a question or remark.

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