An Annuity Will Pay You $1,000 Per Year for 75

question 28

Multiple Choice

An annuity will pay you $1,000 per year for 75 years.What is the PV of this annuity if your cost of capital is 4%?

• A)$25,000
• B)$72,115
• C)$75,000
• D)$23,680
• E)$24,038

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