What Is the PV of an Ordinary Annuity with 10

question 77

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%?

• A) $16,576
• B) $17,449
• C) $18,367
• D) $19,334
• E) $20,352

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