What Is the Present Value of an Annuity of $100

question 21

Multiple Choice

What is the present value of an annuity of $100 received at the end of each year for seven years? The first payment will be received one year from today (round to nearest $10) .The discount rate is 13%.

• A)$440
• B)$43
• C)$500
• D)$1,040

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