Assuming an Interest Rate of 5%, the Present Value of $15,000

question 170

Multiple Choice

Assuming an interest rate of 5%, the present value of $15,000 received at the end of each year for 8 years would be closest to: Present Value of $1
Present Value of Annuity of $1

• A)$96,945.
• B)$9675.
• C)$120,000.
• D)$143,235.

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