Find the Present Value of a 5-Year Annuity Due If

question 33

Multiple Choice

Find the present value of a 5-year annuity due if the annual payments are $600 and the interest rate is 11%.How much larger is the present value of the annuity due than the present value of the ordinary 5-year annuity?

• A) $243.93
• B) $204.76
• C) $279.22
• D) $261.32
• E) $227.45

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